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1120 Hazel Street

Chico, CA 95928
  • $2,400,000
  • STATUS: ACTIVE
  • ON SITE: 49 Days
  • ID#: SN24038925
$2,400,000
  • 0
    BEDS
  • 0.38
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Seize this standout investment opportunity: two neighboring fourplexes (1120 Hazel Street & 615 W. 11th Street), perfectly positioned in the sought-after Barber Yard Vicinity. This unique setup not only offers an appealing aesthetic but also presents the opportunity for conventional fourplex financing, making it an ideal addition to any investor's portfolio. 8 Units Total: Each fourplex comprises 4 bedrooms and 2 bathrooms units, summing up to 32 bedrooms and 16 bathrooms. Residents enjoy the comfort of central heating and air conditioning in each unit, ensuring a pleasant living environment throughout the year. Additionally, a centrally located coin-operated laundry room adds convenience and functionality, enhancing tenant satisfaction and retention. The property is designed with low-maintenance landscaping, allowing for easy upkeep and a focus on cost-efficiency. Ample off-street parking, dedicated bicycle parking, and alley access are thoughtfully included, catering to the needs of all residents and ensuring a seamless living experience. Fully leased, generating a Gross Scheduled Income (GSI) of $164,000 annually, offering a lucrative return on investment. With its strong income potential and desirable location, this property is a must-have! PLEASE DO NOT DISTURB TENANTS. Seize this standout investment opportunity: two neighboring fourplexes (1120 Hazel Street & 615 W. 11th Street), perfectly positioned in the sought-after Barber Yard Vicinity. This unique setup not only offers an appealing aesthetic but also presents the opportunity for conventional fourplex financing, making it an ideal addition to any investor's portfolio. 8 Units Total: Each fourplex comprises 4 bedrooms and 2 bathrooms units, summing up to 32 bedrooms and 16 bathrooms. Residents enjoy the comfort of central heating and air conditioning in each unit, ensuring a pleasant living environment throughout the year. Additionally, a centrally located coin-operated laundry room adds convenience and functionality, enhancing tenant satisfaction and retention. The property is designed with low-maintenance landscaping, allowing for easy upkeep and a focus on cost-efficiency. Ample off-street parking, dedicated bicycle parking, and alley access are thoughtfully included, catering to the needs of all residents and ensuring a seamless living experience. Fully leased, generating a Gross Scheduled Income (GSI) of $164,000 annually, offering a lucrative return on investment. With its strong income potential and desirable location, this property is a must-have! PLEASE DO NOT DISTURB TENANTS.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/148080901
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1120 Hazel Street Chico, CA 95928

  • Price: $2,400,000
  • Status: ACTIVE
  • On Site: 49 Days
  • ID#: SN24038925
0
Beds
0
Baths
0
½ Baths
0.38
Acres
Neighborhood:
Chico (95928)
County:
Butte
Area:
Chico (95928)
Property Description
Seize this standout investment opportunity: two neighboring fourplexes (1120 Hazel Street & 615 W. 11th Street), perfectly positioned in the sought-after Barber Yard Vicinity. This unique setup not only offers an appealing aesthetic but also presents the opportunity for conventional fourplex financing, making it an ideal addition to any investor's portfolio. 8 Units Total: Each fourplex comprises 4 bedrooms and 2 bathrooms units, summing up to 32 bedrooms and 16 bathrooms. Residents enjoy the comfort of central heating and air conditioning in each unit, ensuring a pleasant living environment throughout the year. Additionally, a centrally located coin-operated laundry room adds convenience and functionality, enhancing tenant satisfaction and retention. The property is designed with low-maintenance landscaping, allowing for easy upkeep and a focus on cost-efficiency. Ample off-street parking, dedicated bicycle parking, and alley access are thoughtfully included, catering to the needs of all residents and ensuring a seamless living experience. Fully leased, generating a Gross Scheduled Income (GSI) of $164,000 annually, offering a lucrative return on investment. With its strong income potential and desirable location, this property is a must-have! PLEASE DO NOT DISTURB TENANTS. Seize this standout investment opportunity: two neighboring fourplexes (1120 Hazel Street & 615 W. 11th Street), perfectly positioned in the sought-after Barber Yard Vicinity. This unique setup not only offers an appealing aesthetic but also presents the opportunity for conventional fourplex financing, making it an ideal addition to any investor's portfolio. 8 Units Total: Each fourplex comprises 4 bedrooms and 2 bathrooms units, summing up to 32 bedrooms and 16 bathrooms. Residents enjoy the comfort of central heating and air conditioning in each unit, ensuring a pleasant living environment throughout the year. Additionally, a centrally located coin-operated laundry room adds convenience and functionality, enhancing tenant satisfaction and retention. The property is designed with low-maintenance landscaping, allowing for easy upkeep and a focus on cost-efficiency. Ample off-street parking, dedicated bicycle parking, and alley access are thoughtfully included, catering to the needs of all residents and ensuring a seamless living experience. Fully leased, generating a Gross Scheduled Income (GSI) of $164,000 annually, offering a lucrative return on investment. With its strong income potential and desirable location, this property is a must-have! PLEASE DO NOT DISTURB TENANTS.
Exterior Features

Pool N/K Site Sidewalks

Interior Features

Cooling Central Forced Air Stories 2 Story

Property Features

Annual Expense Actual 40021 Buildings 2 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 168480 Terms CashConventionalExchange Zoning See Remark

San Diego MLS logo Listing provided courtesy of Matt Depa of Re/Max of Chico: 530-514-6288. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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