Skip To Content

    15 Ricky Court

    Chico, CA 95928
    • $5,650,000
    • STATUS: Active
    • ON SITE: 132 days
    • ID#: SN20248352
    UPDATED: 58 min ago
    $5,650,000
    • 0
      BEDS
    • 1.54
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 28,232
      SQFT
    • $200
      $/SQFT
    Type:
    Multi-Family
    Built:
    1985
    County:

    School Ratings & Info

    Description

    INCREDIBLE RESIDENTIAL INCOME INVESTMENT OPPORTUNITY! The Woodside Terrace Apartments is a 28-Unit apartment complex. There are 7 buildings involved in the sale of 15, 17, 19, and 21 Ricky Court. Full occupancy with fabulous rental history. Owning this complex offers easy maintenance and plenty of room for profit growth. The competitive rental market suggests rents should be nearing $1450 a month! The property is conveniently located near shopping, restaurants, parks, Chico entertainment and easy access to public transportation. Each unit is a spacious 3 bedroom, 1 bath, and features fully equipped kitchens with eating bars, the newer appliances including; refrigerators, microwaves, gas stoves, and garbage disposals. Each unit shares the same layout with lots of cabinet space, central heating and air, private patios off of the living space, washer and dryer hookups, and large closets. Don't miss the opportunity this property offers including condo conversions or student housing. Interior viewings of units will be arranged based on an accepted offer.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T20:29:07.257. 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 Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/112303494
    Print Image

    15 Ricky Court Chico, CA 95928

    • Price: $5,650,000
    • Status: Active
    • Updated: 58 min ago
    • ID#: SN20248352
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.54
    Acres
    28,232
    SQFT
    $200
    $/SQFT
    1985
    Built
    County:
    Butte
    Property Description
    INCREDIBLE RESIDENTIAL INCOME INVESTMENT OPPORTUNITY! The Woodside Terrace Apartments is a 28-Unit apartment complex. There are 7 buildings involved in the sale of 15, 17, 19, and 21 Ricky Court. Full occupancy with fabulous rental history. Owning this complex offers easy maintenance and plenty of room for profit growth. The competitive rental market suggests rents should be nearing $1450 a month! The property is conveniently located near shopping, restaurants, parks, Chico entertainment and easy access to public transportation. Each unit is a spacious 3 bedroom, 1 bath, and features fully equipped kitchens with eating bars, the newer appliances including; refrigerators, microwaves, gas stoves, and garbage disposals. Each unit shares the same layout with lots of cabinet space, central heating and air, private patios off of the living space, washer and dryer hookups, and large closets. Don't miss the opportunity this property offers including condo conversions or student housing. Interior viewings of units will be arranged based on an accepted offer.
    Exterior Features

    Exterior Features Rain Gutters Garage Spaces 0.00 Lot Features 26-30 Units/AcrePaved Lot Size Source Seller Lot Size Units Square Feet Parking Features AssignedPavedGuestParking Space Parking Total 60.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Surface Type Paved Roof Composition Spa Features None Spa YN No View Neighborhood View YN Yes

    Interior Features

    Appliances DishwasherGas OvenMicrowaveRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area 1000 Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Door Features Sliding Doors Fireplace Features None Fireplace YN No Flooring CarpetLaminateVinyl Heating CentralNatural Gas Heating YN Yes Interior Features BalconyCeiling Fan(S)Living Room Balcony Laundry Features Inside Levels OneTwo Room Type KitchenLiving Room Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsSidewalksStreet Lights Country Us Electric Expense 120.00 Elevation Units Feet Gardener Expense 5400.00 Gross Income 333000.00 Gross Scheduled Income 333000.00 Insurance Expense 9672.00 Land Lease YN No Laundry YN Yes Net Operating Income 252912.00 New Construction YN No New Taxes Expense 21996.00 Number Of Separate Electric Meters 28 Number Of Separate Gas Meters 28 Number Of Separate Water Meters 4 Number Of Units Leased 28 Number With Dishwasher 28 Number With Disposal 28 Number With Patio 28 Number With Range 28 Number With Refrigerator 28 Operating Expense 80088.00 Professional Management Expense 13200.00 Rent Control YN No Security Features Carbon Monoxide Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityTelephone Total Actual Rent 302400.00 Total Expenses 80088.00 Trash Expense 9900.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 18000.00 Water Source Public Year Built Source Appraiser Zoning 00

    Listing provided courtesy of Kelli Smyth of Nexthome North Valley Realty and Casey Smyth of Nexthome North Valley Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T20:29:07.257. 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 Realty Masters & Associates. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364998263-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364998263-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364998263-1.jpg
    Logo
    Realty Masters & Associates
    2900 Adams St #A-420
    Riverside CA, 92504