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1120 Hazel Street
Chico CA 95928 US

$2,400,000

Active Listing ID SN24038925
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32 bed
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16.00 Bath (16 Full Bath)
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Lot: 16,552.00 Square Feet
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Apartment

$2,400,000

Active Listing ID SN24038925
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1120 Hazel Street Seize this standout investment opportunity: two neighboring fourplexes (1120 Hazel Street & 615 W. 11th Street), perfectly positioned in the sought-after Barber Yard Vicinity. This unique setup not only offers an appealing aesthetic but also presents the opportunity for conventional fourplex financing, making it an ideal addition to any investor's portfolio. 8 Units Total: Each fourplex comprises 4 bedrooms and 2 bathrooms units, summing up to 32 bedrooms and 16 bathrooms. Residents enjoy the comfort of central heating and air conditioning in each unit, ensuring a pleasant living environment throughout the year. Additionally, a centrally located coin-operated laundry room adds convenience and functionality, enhancing tenant satisfaction and retention. The property is designed with low-maintenance landscaping, allowing for easy upkeep and a focus on cost-efficiency. Ample off-street parking, dedicated bicycle parking, and alley access are thoughtfully included, catering to the needs of all residents and ensuring a seamless living experience. Fully leased, generating a Gross Scheduled Income (GSI) of $164, 000 annually, offering a lucrative return on investment. With its strong income potential and desirable location, this property is a must-have! PLEASE DO NOT DISTURB TENANTS.

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Property Features

  • Facts
  • Lot Size: 16,552.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 16
  • Exterior Finish: Community Features Included: Sidewalks, Front Yard
  • Heating Fuels: Central Furnace

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Apartment
  • listprice: 2400000
  • unparsedaddress: 1120 Hazel Street
  • postalcity: Chico
  • stateorprovince: CA
  • country: US
  • postalcode: 95928
  • bathroomsfull: 16
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.379981634527089
  • lotsizeunits: Square Feet
  • lotsizearea: 16552
  • livingarea: 8320
  • livingareaunits: Square Feet
  • listagentfullname: Matt Depa
  • listagentemail: mcdepa81@gmail.com
  • listagentkey: 3yd-MRMLSCA-CH157001203
  • listagentmlsid: CH157001203
  • listagentpreferredphone: 5305142901
  • listagentofficephone: 5305142901
  • listofficekey: 3yd-MRMLSCA-CHREMAX
  • listagentstatelicense: 01861484
  • listofficemlsid: CHREMAX
  • disclaimer: Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1983
  • listingcontractdate: 2024-02-26
  • listagenturl: HTTP://www.remaxofchico.com
  • countyorparish: Butte
  • parcelnumber: 005112013000
  • heating: Central Furnace
  • numberofunitstotal: 8
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • exteriorfeatures: Community Features Included: Sidewalks, Front Yard
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
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Listing Changed: 3/26/2024 1:45:12 PM GMT
Source Updated Date: 4/27/2024 6:43:39 AM GMT

Courtesy of: Matt Depa, Re/Max of Chico, mcdepa81@gmail.com

Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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