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    719 Chestnut Street , #1

    Chico, CA 95928
    • $2,350,000
    • STATUS: Pending
    • ON SITE: 367 days
    • ID#: SN20072549
    Pending
    $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 2021-04-17T00:27:53.82. 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/105035669
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    719 Chestnut Street , #1 Chico, CA 95928

    • Price: $2,350,000
    • Status: Pending
    • 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

    Lot Features Corner Lot Number Of Separate Electric Meters 6 Parking Features Circular Driveway Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 1 Common Wall Fireplace Features None Fireplace YN No

    Property Features

    Additional Parcels YN Yes Association Fee 0 Association YN No Common Interest Community Apartment Community Features Urban Garage YN No Gross Income 15695 Gross Scheduled Income 188340 Insurance Expense 2385 Land Lease YN No Laundry Features InsideLaundry Closet Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Net Operating Income 130030 New Construction YN No New Taxes Expense 25850 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 4 Operating Expense 54543 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Electricity Trash Expense 1600 Vacancy Allowance Rate 2 Water Sewer Expense 2830 Water Source Public Zoning R3

    Listing provided courtesy of Ryan Vaught of Ryno Company


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-17T00:27:53.82. 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.
     
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