Listed by Century 21 Select Real Estate Chico
$549,000
1700 Sherman Avenue
Details
Property Type Multifamily
Square Footage 2,616
Net Rentable (SqFt) 2,616
NOI $36,658
Tenancy Multi
Price per SqFt $21
Class C
Year Built 1984
Buildings 2
Lot Size (SqFt) 13,504
Investment Type Stabilized
Tri-Plex located in the Avenues
Investment highlights
This property consists of a 3-bed 1-bath house built in 1954. The duplex has 2-bedroom, 1-bath units and was built in 1984. The house has lots of charm and character with wood floors, built-ins, ceiling fans, a window unit for A/C, and a gas wall unit for heating. There is a nice-sized backyard, laundry hook-ups, and a garage. The duplex has some nice upgrades of central heat and air, ceiling fans, a gas oven, and laundry hook-ups. All units were hooked up to the City Sewer in October 2021. This is a very unique investment property with the possibility of adding ADU's, buyer to investigate with the City of Chico.
Listing Contacts
Listed by Century 21 Select Real Estate Chico
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$36,658.00
$3,054.83/mo
Valuation Metrics
0
DSCR
6.68%
Cap Rate
6.68%
ROI
Map
Zoning
R2 ResidentialMulti FamilyMedium Density Residential
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View all 75 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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