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    719 Chestnut Street , #1

    Chico, CA 95928
    • $2,350,000
    • STATUS: Active
    • ON SITE: 362 days
    • ID#: SN20072549
    UPDATED: 92 min ago
    $2,350,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,000
      SQFT
    • $392
      $/SQFT
    Type:
    Multi-Family
    Built:
    2019
    County:

    School Ratings & Info

    Description

    This premier student property consists of 6 newer and recently upgraded luxury units located on a popular corner near CSU Chico and downtown Chico, CA. This property is 2 lots with a combined 3 buildings, 24 bedrooms and 16 bathrooms! Street address is 719 & 705 Chestnut and 447 W 7th Street. Each building has 2 units. 2 units are brand new 4bed 4bath, the rest are upgraded 4bed 2bath. 4 units have mini split heat/ac allowing each roommate to control their room. These units feature granite counters, wood style plank flooring, stainless appliances and washer/dryers in most units with a laundry room on site for those without. Units have kitchens equipped with range, microwave, stove and refrigerator. Property is near bus routes, and within a short distance to downtown, CSU Chico, restaurants, shopping and convenience stores. Property is fully leased through 2021, professionally managed.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-12T00:25:30.707. 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 or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
    www.bestorangecountyhomesearch.com/homes/105035669
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    719 Chestnut Street , #1 Chico, CA 95928

    • Price: $2,350,000
    • Status: Active
    • Updated: 92 min ago
    • ID#: SN20072549
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    6,000
    SQFT
    $392
    $/SQFT
    2019
    Built
    County:
    Butte
    Property Description
    This premier student property consists of 6 newer and recently upgraded luxury units located on a popular corner near CSU Chico and downtown Chico, CA. This property is 2 lots with a combined 3 buildings, 24 bedrooms and 16 bathrooms! Street address is 719 & 705 Chestnut and 447 W 7th Street. Each building has 2 units. 2 units are brand new 4bed 4bath, the rest are upgraded 4bed 2bath. 4 units have mini split heat/ac allowing each roommate to control their room. These units feature granite counters, wood style plank flooring, stainless appliances and washer/dryers in most units with a laundry room on site for those without. Units have kitchens equipped with range, microwave, stove and refrigerator. Property is near bus routes, and within a short distance to downtown, CSU Chico, restaurants, shopping and convenience stores. Property is fully leased through 2021, professionally managed.
    Exterior Features

    Garage Spaces 0.00 Lot Features Corner Lot Lot Size Source Estimated Lot Size Units Square Feet Parking Features Circular Driveway Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    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 1 Common Wall Fireplace Features None Fireplace YN No Laundry Features In ClosetInside Levels Two

    Property Features

    Additional Parcels Description 004-274-001-000 Additional Parcels YN Yes Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Urban Country Us Elevation Units Feet Gross Income 15695.00 Gross Scheduled Income 188340.00 Insurance Expense 2385.00 Land Lease YN No Laundry YN Yes Net Operating Income 130030.00 New Construction YN No New Taxes Expense 25850.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 4 Number Wall AC 2 Number With Carpet 0 Number With Dishwasher 6 Number With Disposal 6 Number With Range 6 Number With Refrigerator 6 Operating Expense 54543.00 Operating Expense Percent 29.00 Professional Management Expense 15067.00 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Electricity Total Expenses 54543.00 Trash Expense 1600.00 Vacancy Allowance Rate 2.00 Water Sewer Expense 2830.00 Water Source Public Year Built Source Other Zoning R3

    Listing provided courtesy of Ryan Vaught of Ryno Company


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-12T00:25:30.707. 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 or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
     
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    Doherty Real Estate Group | eXp Realty of California, Inc.
    27101 Puerta Real
    Mission Viejo CA, 92691