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2805 Morseman Avenue




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$1,595,000
2805 Morseman Avenue
Chico, CA 95973
Size13541 Sq Ft ($117.79/ Sq Ft)
Lot Size0.5 Acres
Year Built1985
Listing TypeResidential Income
ZoningR3
MLS Listing IDSN19124095
Published Date5/28/2019 1803 days ago
Listing Modified2/7/2020 11:45:00 AM 1548 days ago
Sale includes both 2805 and 2811 Morseman Avenue two separate parcel numbers (007-200-009 & 007-200-008). This sale is subject to 1031 Tax deferred exchange, seller is currently in escrow with replacement property. Extremely well-maintained 10 units, all 3 bedroom 2 bath, inside laundry, back yards and 1 car garages. Superb investment in todays market providing a 6.3% Cap Rate at list price. All units are on month-to-month leases except one. Each parcel has 2 duplexes and one single detached unit, totaling 5 units per parcel. Rents stated reflect nominal rental increase beginning July 1st 2019.
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Lassen to Morseman
Listing Status: Closed
Please Note:This listing was last updated on 2/7/2020. Please contact us for the availability of this property.

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  • Internet Published
  • Income
  • Monthly Gross Income: $150240.00
  • Net Operating Income: $106811.00
  • Pool
  • Pool Type: None
  • Sale Type
  • Sale Type: Standard
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