
$550,000
1029 Salem Street
Details
APN 005094014000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,277
Units 4
Cap Rate 5.05%
NOI $27,784
Price per SqFt $242
Class A
Year Built 1930
Buildings 1
Stories 2
Acreage 0.180
Zoning Assessor
Charming Quadruplex Investment Opportunity in Downtown Chico
Marketing description
Charming Quadruplex Investment Opportunity in Downtown Chico! This unique and character-filled property offers four 1-bedroom, 1-bathroom unitseach with its own distinct charm. Two units are located on the lower level, and two more are upstairs, accessible via a wide staircase that leads to a welcoming porch area perfect for relaxing. Inside the units feature high ceilings, wood-paneled doors, wainscoting, freestanding tubs, and beautifully cased wood windows. The kitchens and living areas are surprisingly spacious, making these units highly desirable. Two of the units have been updated with efficient mini-split systems for modern comfort. Additional highlights include plenty of off-street parking, a detached structure at the back that provides storage space and a laundry setup for Unit #3. Situated near Downtown Chico, Chico State, Enloe Hospital, and Bidwell Parkthis is an incredible investment opportunity with prime location appeal!
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$27,784.00
$2,315.33/mo
Valuation Metrics
0
DSCR
5.05%
Cap Rate
5.05%
ROI
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