363 Rio Lindo Avenue

    Chico, CA 95926
    • $3,100,000
    • STATUS: Active
    • ON SITE: 128 days
    • ID#: SN18193081
    UPDATED: 52 min ago
    $3,100,000
    • 0
      BEDS
    • 1.01
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 19,200
      SQFT
    • $161
      $/SQFT
    Type:
    Multi-Family
    Built:
    1990
    County:

    School Ratings & Info

    Description

    20 - 3 bedroom, 2 bath units built as Condominiums. Units upgraded as they become available. Several long term tenants. Mostly granite countertops and pergo in living room. All with inside laundry with washer and dryer, one covered and one uncovered parking space. Gated access to biking/walking path between airport and downtown. All have outside patios. Interior sprinklered. All current tenants rents goes to $1000 per month as of 10/01/2018. New rents at $1100 per month. Note that resident manager pays no rent. Owner may carry with substantial down.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-16T21:26:51.247. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.impactca.com/homes/86409667

    363 Rio Lindo Avenue Chico, CA 95926

    • Price: $3,100,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: SN18193081
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.01
    Acres
    19,200
    SQFT
    $161
    $/SQFT
    1990
    Built
    County:
    Butte
    Property Description
    20 - 3 bedroom, 2 bath units built as Condominiums. Units upgraded as they become available. Several long term tenants. Mostly granite countertops and pergo in living room. All with inside laundry with washer and dryer, one covered and one uncovered parking space. Gated access to biking/walking path between airport and downtown. All have outside patios. Interior sprinklered. All current tenants rents goes to $1000 per month as of 10/01/2018. New rents at $1100 per month. Note that resident manager pays no rent. Owner may carry with substantial down.
    Exterior Features

    Carport Spaces 20.00 Fence YN Yes Fencing Wood Garage Spaces 0.00 Lot Features LandscapedNear Public TransitSprinkler SystemTreed LotYard Lot Size Units Square Feet Parking Features Carport Parking Total 40.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa Features None Spa YN No View Neighborhood View YN Yes

    Interior Features

    Appliances DishwasherFree Standing RangeGarbage DisposalRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Central Cooling YN Yes Flooring CarpetLaminateWood Heating Central Furnace Heating YN Yes Laundry Features Dryer IncludedInsideWasher Included Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsGuttersSidewalksStreet Lighting Country Us Electric Expense 2072.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 198295.00 Gross Scheduled Income 241800.00 Insurance Expense 4209.00 Land Lease YN No Laundry YN Yes Licenses Expense 41.00 Net Operating Income 103867.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 20 Number Of Separate Gas Meters 20 Number Of Separate Water Meters 1 Number Of Units Leased 0 Number With Carpet 20 Number With Dishwasher 20 Number With Disposal 20 Number With Drapes 20 Number With Patio 20 Number With Range 20 Number With Refrigerator 20 Operating Expense 94428.00 Professional Management Expense 0.00 Rent Control YN No Security Features Carbon Monoxide Detector(S)Fire SprinklersResident ManagerSmoke Detector Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 198295.00 Total Expenses 94428.00 Trash Expense 6317.00 Utilities Sewer ConnectedWater Connected Water Sewer Expense 11176.00 Water Source Public

    Listing provided courtesy of Michael Connolly of Michael Connolly.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-16T21:26:51.247. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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