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186 E Shasta AVE Chico, CA 95973
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Key Details
Sold Price $4,950,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SN23013609
Sold Date 03/29/23
HOA Y/N No
Year Built 1978
Lot Size 1.490 Acres
Property Sub-Type Apartment
Property Description
Shasta East is a duplex community consisting of (28) 2 bedroom 1 bath units. Each unit has indoor laundry, and an oversized one car garage along with a private & spacious yard. These units enjoy near 100% occupancy with many long term tenants. Current owners have been upgrading units, as they turn over. Property offers significant upside, by improving rents to meet local market value, as well as the ability to add/build out amenities to the underutilized portions of the property. Purchase also includes 194 E Shasta Ave.
Location
State CA
County Butte
Zoning R3
Interior
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Garage Spaces 28.0
Garage Description 28.0
Pool None
Community Features Sidewalks
Total Parking Spaces 28
Private Pool No
Building
Lot Description Back Yard
Story 1
Entry Level One
Sewer Septic Tank
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 006380002000
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Assumed
Special Listing Condition Standard
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