259 Rio Lindo Avenue
Chico, CA 95926
* SOLD *

Multi-Unit

$865,000
 

Well maintained 17 unit property located in a quiet cul-de-sac in the heart of Chico. Consists of eleven 1 bedroom/1 bath units and Six 2 bedroom/1 bath units nestled on beautifully manicured grounds. This property has been professionally managed for many years with the same ownership for the past 16 years.



General

AP#006-120-061 and 006-120-062

Year Built: 1960

Building(s) Sq. Ft.: 13,215

Price per Sq. Ft.: 65.45

Lot Sq. Ft.: 53,578

Ann. Gross Schd. Income: $60,000

Gross Rent Multiplier: 7.4

Capitalization Rate: 7.0



Features

Sewer: Yes City

Heating: Yes Wall and Central

Cooling: Yes Wall and Central

Laundry: Yes Two common rooms and several private rooms

Roofing: Composition

Yard: Yes Common and several with large backyards