541 W 5th St
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541 W 5th St
28 Unit Apartment Building $889,000 ($31,750/Unit) 6.18% Cap Rate Chico, CA 95928
Investment Highlights
- Downtown Chico, near Chico State University
- Low vacancy rate
- Several long term tenants
Executive Summary
7-unit property in the vibrant heart of downtown Chico! This historic multi-family residence offers prime access to the city's bustling dining, shopping, and entertainment and is just blocks away from Chico State University—an ideal location for those seeking convenience and connection to all that downtown has to offer. Several long-term tenants have called this property home for years, making it an excellent investment opportunity. Don’t miss out on this rare chance to own a prime income property in downtown Chico!
Financial Summary (Pro forma - 2024) 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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $889,000 | Apartment Style | Low Rise |
| Price Per Unit | $31,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 6.18% | Building Size | 3,130 SF |
| Gross Rent Multiplier | 10.83 | No. Stories | 2 |
| No. Units | 28 | Year Built | 1930 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $889,000 |
| Price Per Unit | $31,750 |
| Sale Type | Investment |
| Cap Rate | 6.18% |
| Gross Rent Multiplier | 10.83 |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,130 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Opportunity Zone |
Yes |
Unit Amenities
- Heating
- Kitchen
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $962.50 | - |
| 1+1 | 2 | $962.50 | - |
| 1+1 | 3 | $1,000 | - |
| 2+1 | 4 | $1,145 | - |
| 2+1 | 5 | $1,145 | - |
| 1+1 | 6 | $1,100 | - |
| Studios | 7 | $750.00 | - |
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Walk Score ®
Walker's Paradise (95)
Bike Score ®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 004-213-002-000 | Total Assessment | $879,285 |
| Land Assessment | $213,201 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $666,084 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
004-213-002-000
Land Assessment
$213,201
Improvements Assessment
$666,084
Total Assessment
$879,285
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | R3 |
| R3 |
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541 W 5th St
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