47 Tara Terrace

    Chico, CA 95973
    • $6,340,000
    • STATUS: Active
    • ON SITE: 235 days
    • ID#: SN18071836
    UPDATED: 63 min ago
    $6,340,000
    • 0
      BEDS
    • 4.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 41,776
      SQFT
    • $152
      $/SQFT
    Type:
    Multi-Family
    Built:
    1988
    County:

    School Ratings & Info

    Description

    INCREDIBLE RESIDENTIAL INCOME INVESTMENT OPPORTUNITY! Centrally located, in a great neighborhood, close to shopping, a main bike path, and public transportation, the Subject Property consists of 21 individual duplexes, situated on 20 contiguous, separate legal parcels, all connected to City services, on its+GG own street/loop, with no HOA. Built in the late 80+GGs, (with the exception of a couple newer units), and owned by the same family since new, the Subject has a balanced mix of both one story and two story buildings , and units vary in size and configuration: 20 units are 2 bed/1.5 bath, 18 units are 2 bed/1 bath, 1 unit is 3 bed/2.5 baths and 3 units are 3 bed/1.5 baths. There is also a nicely upgraded, 2-story Managers unit, that consists of 3 beds /2.5 baths, open living space, and a small office with its+GG own private entrance and attached storage room used for conducting the property management duties for the complex. All Units have enclosed garages with washer/dryer hookups. Units have central heat and air, mature landscaping, and front and back yards. Currently fully leased, with a history of long-term tenants, low vacancy rates and regular maintenance makes this an extremely rare offering, and amazing investment opportunity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T11:28:28.813. 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. Licensed in the State of California, USA.
    www.debonishomes.com/homes/82127316

    47 Tara Terrace Chico, CA 95973

    • Price: $6,340,000
    • Status: Active
    • Updated: 63 min ago
    • ID#: SN18071836
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.5
    Acres
    41,776
    SQFT
    $152
    $/SQFT
    1988
    Built
    County:
    Butte
    Property Description
    INCREDIBLE RESIDENTIAL INCOME INVESTMENT OPPORTUNITY! Centrally located, in a great neighborhood, close to shopping, a main bike path, and public transportation, the Subject Property consists of 21 individual duplexes, situated on 20 contiguous, separate legal parcels, all connected to City services, on its+GG own street/loop, with no HOA. Built in the late 80+GGs, (with the exception of a couple newer units), and owned by the same family since new, the Subject has a balanced mix of both one story and two story buildings , and units vary in size and configuration: 20 units are 2 bed/1.5 bath, 18 units are 2 bed/1 bath, 1 unit is 3 bed/2.5 baths and 3 units are 3 bed/1.5 baths. There is also a nicely upgraded, 2-story Managers unit, that consists of 3 beds /2.5 baths, open living space, and a small office with its+GG own private entrance and attached storage room used for conducting the property management duties for the complex. All Units have enclosed garages with washer/dryer hookups. Units have central heat and air, mature landscaping, and front and back yards. Currently fully leased, with a history of long-term tenants, low vacancy rates and regular maintenance makes this an extremely rare offering, and amazing investment opportunity.
    Exterior Features

    Construction Materials Drywall Walls Entry Level 1 Entry Location Front Exterior Features Rain Gutters Fence YN Yes Fencing Average ConditionWood Foundation Details Slab Garage Spaces 42.00 Lot Features 6-10 Units/AcreBack YardFront YardLandscapedLevel With StreetLot-Level/FlatNear Public TransitSprinklers In FrontWalkstreet Lot Size Source Assessor Lot Size Units Acres Parking Features Driveway - ConcreteGarageGarage - Front EntryGuestStreet Parking Total 42.00 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Composition Spa Features None Spa YN No View Neighborhood View YN Yes

    Interior Features

    Appliances Electric OvenElectric RangeGarbage DisposalGas Water HeaterRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Central Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetLaminateVinyl Heating Central Furnace Heating YN Yes Laundry Features In Garage Levels One Room Type Family RoomKitchen

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features CurbsGuttersSidewalksStorm DrainsStreet Lighting Country Us Electric 220V In Garage Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 464935.00 Gross Scheduled Income 464935.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 0.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 42 Number Of Separate Gas Meters 42 Number Of Separate Water Meters 21 Number Of Units Leased 42 Operating Expense 178260.00 Professional Management Expense 0.00 Property Sub Type Duplex Rent Control YN No Security Features Firewall(S)Smoke Detector Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All UtilitiesSee Remarks Total Expenses 0.00 Trash Expense 0.00 Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedUnderground UtilitiesWater Connected Water Sewer Expense 0.00 Water Source Public Zoning 00

    Listing provided courtesy of Rodney Krebs of Coldwell Banker/Dufour and Brian Littrell of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T11:28:28.813. 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. Licensed in the State of California, USA.
     
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