47 Tara Terrace

  • Chico

  • $6,340,000
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Residential Income Details

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’ own street/loop, with no HOA. Built in the late 80’s, (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’ 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.
Essential
MLS #SN18071836
Price$6,340,000
Number of Units42
Sale TypeStandard
Sub-TypeDuplex
StatusActive
Listing BrokerageColdwell Banker/DuFour
Listing AgentRodney Krebs
Listing Agent BRE #1231725
Co-Listing AgentBrian Littrell
Co-Listing Agent BRE #1350075
Interior
FloorCarpet,Laminate,Vinyl
AppliancesElectric Oven,Electric Range,Garbage Disposal,Gas Water Heater,Refrigerator
CoolingCentral
HeatingCentral Furnace
FireplaceNone
Exterior
ParkingDriveway - Concrete,Garage,Garage - Front Entry,Guest,Street
Garage Spaces42
ViewNeighborhood
PoolNone
SpaNone
RoofingComposition
Community
CommunityCurbs,Gutters,Sidewalks,Storm Drains,Street Lighting
Address47 Tara Terrace
CityChico
CountyButte
StateCA
ZipCode95973
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Wednesday, September 12, 2018. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.