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2842 Jolyn Way 2 Unit Apartment Building Offered at $549,000 at a 5.61% Cap Rate Chico, CA 95973
INVESTMENT HIGHLIGHTS
- Fully occupied duplex located in Chico, CA
EXECUTIVE SUMMARY
Duplex in the Morseman Village and a great opportunity for investors! Fully rented and Unit A is a 3 bedroom, 2 bathroom with an attached 1 car garage and laundry hook-up in the garage. Unit B is a 2 bedroom 2 bathroom with an attached 1 car garage and laundry hookups in the garage. Both units have very nice size backyards and are fully fenced. The property is located at the end of the cul-de-sac and makes this very desirable for the tenants. There is an HOA fee of $164.00 a month that covers front yard landscaping.
PROPERTY FACTS
| Price | $549,000 | Lot Size | 0.31 AC |
| Price Per Unit | $274,500 | Building Size | 2,426 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.61% | No. Stories | 1 |
| No. Units | 2 | Year Built | 1978 |
| Property Type | Multifamily |
| Price | $549,000 |
| Price Per Unit | $274,500 |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.31 AC |
| Building Size | 2,426 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1978 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Fireplace
- Heating
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $1,640 | - |
| 2+2 | 2 | $1,510 | - |
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2842 Jolyn Way
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