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2811 Morseman Ave
Chico, CA 95973
Moonstone Apartments · Multifamily Property For Sale
·
10 Units
Property Facts
| No. Units | 10 | Lot Size | 1.00 AC |
| Property Type | Multifamily | Building Size | 13,541 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1985 |
| Zoning | R3 | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 13,541 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1985 |
| Zoning | R3 |
About 2811 MORSEMAN AVE , 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 1 bath, inside laundry, back yards and 1 car garages. Superb investment in todays market providing a 6.17% 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.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 10 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,202,538 | |
| Land Assessment | $492,136 | Total Assessment | $1,694,674 |
Property Taxes
Parcel Numbers
Land Assessment
$492,136
Improvements Assessment
$1,202,538
Total Assessment
$1,694,674
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