47 Tara Terrace, Chico, CA 95973

$6,340,000
41,776
SqFt
List Price
$6,340,000
Status
PENDING
MLS#
SN18071836
Year Built
1988
Living Sq. Ft
41,776
Lot Size
196,020
Lot Location
6-10 Units/Acre, Back Yard, Front Yard, Landscaped, Level with Street, Lot-Level/Flat, Near Public Transit, Sprinklers In Front, Walkstreet
Days on Market
253
Property Type
Single Family Residential
Property Sub Type
Duplex
Stories
One Level

Property Description

INCREDIBLE RESIDENTIAL INCOME INVESTMENT OPPORTUNITY! Centrally located, in a great neighborhood, close to shopping, a main bike path, and public transportation, the Subject Property consists of 21 individual duplexes, situated on 20 contiguous, separate legal parcels, all connected to City services, on its’ own street/loop, with no HOA. Built in the late 80’s, (with the exception of a couple newer units), and owned by the same family since new, the Subject has a balanced mix of both one story and two story buildings , and units vary in size and configuration: 20 units are 2 bed/1.5 bath, 18 units are 2 bed/1 bath, 1 unit is 3 bed/2.5 baths and 3 units are 3 bed/1.5 baths. There is also a nicely upgraded, 2-story Managers unit, that consists of 3 beds /2.5 baths, open living space, and a small office with its’ own private entrance and attached storage room used for conducting the property management duties for the complex. All Units have enclosed garages with washer/dryer hookups. Units have central heat and air, mature landscaping, and front and back yards. Currently fully leased, with a history of long-term tenants, low vacancy rates and regular maintenance makes this an extremely rare offering, and amazing investment opportunity.

Additional Information

Lot Description
Firewall(s), Smoke Detector, Curbs, Gutters, Sidewalks, Storm Drains, Street Lighting
Appliances
Electric Oven, Electric Range, Garbage Disposal, Gas Water Heater, Refrigerator
Pool Description
None
Fireplace Description
None
Heat
Central Furnace
Cooling
Yes
Cooling Description
Central
View
Neighborhood
Roof
Composition
Garage Spaces Total
42
Sewer
Public Sewer
Water
Public
Attached Structure
Attached

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Rodney Krebs from Coldwell Banker/DuFour

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.