1700 Sherman Ave - Apartments FOR SALE


Chico, CA 95926
$549,000 USD
530-514-5555
1700 Sherman Ave, Chico, CA for Sale
$549,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

1700 Sherman Ave
Chico, CA 95926


OVERVIEW

Tri-Plex located in the Avenues! This property consists of a 3-bed 1-bath house built in 1954. The duplex has 2-bedroom, 1-bath units and was built in 1984. The house has lots of charm and character with wood floors, built-ins, ceiling fans, a window unit for A/C, and a gas wall unit for heating. There is a nice-sized backyard, laundry hook-ups, and a garage. The duplex has some nice upgrades, including central heat and air, ceiling fans, a gas oven, and laundry hook-ups. All units were hooked up to the City Sewer in October 2021. This is a very unique investment property with the possibility of adding ADUs, buyer is to investigate with the City of Chico.

FOR SALE DETAILS

PRICE

$549,000 USD

PRICE/SF

$210 USD /SF

# OF UNITS

3

PRICE/UNIT

$183,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1700 Sherman Ave

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,501 SF

ZONING

R2

APN/PARCEL ID

003-460-008-000

ASK ABOUT THIS PROPERTY

Sandy StonerCentury 21 Select Real EstateMore Info
530-514-5555

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Sandy StonerCentury 21 Select Real EstateMore Info
530-514-5555

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.