1648 Normal Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1648 Normal Ave
4 Unit Apartment Building Offered at $649,000 at a 5.22% Cap Rate in Chico, CA 95928
Investment Highlights
- 3 Minute drive to Downtown
- 5 minute drive to CSU
Executive Summary
Well maintained 4-Plex in the Barber District of Chico. 3 Minute drive to Downtown and 5 minute drive to CSU Chico, makes this a desirable rental option for many tenants. This property has been professionally managed, keeping rents at market value and professionally maintaining all units. All units are currently rented with year leases and have had great rental history. Owner pays for Trash and Water. Roof is one year old.
Data Room Click Here to Access
Financial Summary (Pro forma - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $649,000 | Property Type | Multifamily |
| Price Per Unit | $162,250 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 2,200 SF |
| Cap Rate | 5.22% | No. Stories | 1 |
| Sale Conditions | 1031 Exchange | Year Built | 1950 |
| Gross Rent Multiplier | 12.36 | Opportunity Zone |
Yes
|
| No. Units | 4 |
| Price | $649,000 |
| Price Per Unit | $162,250 |
| Sale Type | Investment |
| Cap Rate | 5.22% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 12.36 |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.13 AC |
| Building Size | 2,200 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Opportunity Zone |
Yes |
Unit Amenities
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Patio
Site Amenities
- Picnic Area
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $1,595 | - |
| 2+1 | 1 | $1,050 | - |
| 1+1 | 2 | $850.00 | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 005-195-004-000 | Improvements Assessment | $352,143 |
| Land Assessment | $136,651 | Total Assessment | $488,794 |
PROPERTY TAXES
Parcel Number
005-195-004-000
Land Assessment
$136,651
Improvements Assessment
$352,143
Total Assessment
$488,794
zoning
| Zoning Code | RD-1 (Residential Duplex) |
| RD-1 (Residential Duplex) |
-
Casey Smyth -
NextHome North Valley Realty
1 of 22
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1648 Normal Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.