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W 5th Street, Chico, CA 95928
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$799,000
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Home Details for W 5th Street
Price
$799,000
Type
Multi Family
Bedrooms
9
Full Bathrooms
7
Year Build
1920
Sq. Ft.
500
Lot Size
0.13
County
Butte
MLS®️ Listing#
225078824
On exitrealty.com
147 days
Property Description
Colliers is pleased to present the sale offering of a 7-unit multifamily property located at 541 W 5th Street in Chico, California. The community is comprised of two buildings built in 1930 and sits on a 0.13-acre parcel in the heart of Downtown. 541 W 5th Street offers off-street parking and on-site laundry for its residents. A new owner will be able to further enhance the complex by implementing an interior renovation strategy and raising rents over time. Additionally, a new owner can capitalize from implementing a RUBS program to help cover a portion of any common area utility expenses typically paid by the landlord. The Ratio Utility Billing System (RUBS) has been increasingly common over the past several years and will help bolster investor returns.
- Utilities
- Natural Gas Available
- Natural Gas Connected
- Other
- Cooling Information
- Wall Unit(s)
- Heating Information
- Wall Furnace
- Parking
- Varies by Unit
Listing Courtesy: Collier's International CA, Inc. - 916-929-5999. Presented by: Matthew S. Sarro
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$799,000
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EXIT CAPITAL REALTY
2100 Watt Ave Suite #140, Sacramento, CA 95825
CA DRE# 02236377. Sam Samadi Broker (CA DRE# 01520140. Kris Klair Broker)