$725,000 155 Panama Avenue Chico, CA

MLS: CH17215956   Type: Income   County: Butte   City: Chico   Zip: 95973     Stories: 1

Mortgage $3,404 /mo



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A great investment opportunity! This property features very limited turnover (once a year on average). In total there are 13 units with 12 studio apartments and one one bedroom (#13). At the southern most end of the building there is a storage shed not currently accessible by residents. All walkways and sidewalks have just been repainted and the parking lot is soon to be re-striped. Laundry facilities available to residents. There is plenty of space for all residents to park one vehicle per unit and off street parking available if needed. As an option, the property could be sold as a package with the neighboring lot, 2568 Esplanade. The two lots and buildings total 19 units and make up Panama Springs Apartments. 2568 Esplanade features a laundry room on the eastern side of the building and a three bedroom unit/managers office on the western side. Please inquire about both lots if interested.

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Price History

9/19/2017 Listed $725,000

Accessibility Doors - Swing In, No Interior Steps, Parking
Association Y/N 0
Attached Structure Attached
Community Features Curbs, Sidewalks
Directions If headed north on Esplanade, take a right on Panama Avenue, building is located on the south side of Panama
HOA Fee 0.00
Levels One
Listagentstatelicense 00890357
Listing Agent Larry Ruby - BRE#00890357
Number of Units Leased 13
Price Per Square Foot 176.40
Property Attached Y/N 1
Senior Community Y/N 0
Special Listing Conditions Standard
Total Units 13

Interior Features

Air Conditioning Y/N 1
Appliances Electric Stove, Freezer, Gas Oven, Gas Stove, Gas Water Heater, Refrigerator
Appliances Y/N 1
Average1bedareaunits Square Feet
Average2bedareaunits Square Feet
Average3bedareaunits Square Feet
Averagestudioareaunits Square Feet
Common Walls 2+ Common Walls, No One Above
Cooling Wall Window, Electric
Fireplace Features None
Fireplace Y/N 0
Flooring Carpet, Vinyl
Heating Wall Heater, Natural Gas
Heating Y/N 1
Laundry Features Community
Laundry Y/N 1
Number of Wall ACs 13
Numberwithcarpet 13
Numberwithdishwasher 0
Numberwithrange 13
Numberwithrefrigerator 13
Room Type All Bedrooms Down
Total Stories 1
Utilities Cable Available, Phone Available, Sewer Connected, Water Connected

Exterior Features

Building Area Total 4110.00
Garage Spaces 0.00
Land Lease Y/N 0
Lot Features Garden
Lot Size Source Assessor
Lot Size Square Feet 11326.00
Lotsizeunits Square Feet
Number of Buildings 1
Number of Separate Electric Meters 1
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Pool Features None
Private Pool Y/N 0
Roof Composition
Sewer Conventional Septic
Total Parking 0.00
Water Source Public

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Gallery (22 photos)

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Property vs Zip Code Avg (95973)

Price 725K Avg 1.59M

Sqr Feet 4,110 Avg 10,459

Cost / Sqr Ft $176 Avg $152

Acres 0.260009 Avg 3311.59

Visits 174 Avg 116

Days on Site 341 Avg 170

Walkscore® 65 Avg 59

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Listing Provided Courtesy Of: Larry Ruby with Sheraton Investment Services.

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Location & Address

The Gilmour Real Estate Group
2080 E. 20th Street #170
Chico, CA