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23476247
23476279

1122 Stewart Avenue, Chico, CA 95926

ML
DRE 02216710
Ryno Company
Listed by Ryno Company
$1,049,000
379 days on market
Updated 70 days ago
Opportunity zone

1122 Stewart Avenue

Details
APN 043241016000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,489
Net Rentable (SqFt) 2,489
Units 4
Beds 10
Cap Rate 4.53%
NOI $47,481
Pro-Forma Cap Rate 5.09%
Pro-Forma NOI $53,361
Price per SqFt $421
Class B
Year Built 1908
Buildings 4
Stories 1
Acreage 0.300
Zoning Public Rec

4 Unit Property Near CSU, Chico

Marketing description

Exceptional four-unit investment property in a sought-after neighborhood near CSU, Chico! Located at 1122 Stewart Ave, this multi-unit property offers a fantastic opportunity for both seasoned investors and those looking to start or expand their portfolio. All four units have been recently remodeled and are well-maintained, offering a mix of comfort and convenience for tenants. The property consists of two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units with bright, updated interiors, functional kitchens, and plenty of storage. Tenants enjoy the convenience of off-street parking, and the property features a shared outdoor space that provides a peaceful environment for relaxation or entertaining. Located close to Chico State University, local shops, dining, and public transportation, this property is in a prime rental location. The consistent demand for housing in this area, along with the propertys strong rental history, makes it a wise investment with immediate income potential. Key Features: 4 units with functional layouts Prime location near Chico State, shopping, and dining Strong rental history with excellent income potential Off-street parking and shared outdoor spaces Ideal for investors seeking stable, long-term returns Potential to add an additional unit at the rear of the property (utilities already trenched) Recent extensive remodel of each unit including roof, and all appliances, flooring, cabinets, bathrooms New mini split air conditioning (3 years old) in each unit Washer and dryer in all units except unit 2 Whether you're looking for a proper

Investment highlights

Key Features:

  • 4 units with functional layouts

  • Prime location near Chico State, shopping, and dining

  • Strong rental history with excellent income potential

  • Off-street parking and shared outdoor spaces

  • Ideal for investors seeking stable, long-term returns

  • Potential to add an additional unit at the rear of the property (utilities already trenched)

  • Recent extensive remodel of each unit including roof, and all appliances, flooring, cabinets, bathrooms

  • New mini split air conditioning (3 years old) in each unit

  • Washer and dryer in all units except unit 2


Mortgage may be transferable at discretion of lender.

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Listing Contacts

ML
DRE 02216710
Ryno Company
Listed by Ryno Company

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$47,481.00
$3,956.75/mo

Valuation Metrics

0
DSCR
4.53%
Cap Rate
4.53%
ROI

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