2805 Morseman Avenue
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$1,595,000
2805 Morseman Avenue
Chico, CA 95973
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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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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