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725 W 4th Ave
Chico, CA 95926
Knoll Manor · Multifamily Property For Sale
·
16 Units
PROPERTY FACTS
| No. Units | 16 | Lot Size | 1.02 AC |
| Property Type | Multifamily | Building Size | 17,400 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2006 |
| Building Class | B | Parking Ratio | 2.07/1,000 SF |
| Zoning | R2 | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.02 AC |
| Building Size | 17,400 SF |
| No. Stories | 2 |
| Year Built | 2006 |
| Parking Ratio | 2.07/1,000 SF |
| Zoning | R2 |
ABOUT 725 W 4TH AVE , CHICO, CA 95926
Knoll Manor is a 16-unit multifamily asset in Chico, CA. The property was built in two phases. The first phase, 4 duplex-style units, were built in the 1960's. The duplex style units are all 2bd/1ba units and measure ±900 SF. These units include private backyards and washer hook-ups. The second phase, twelve (12) 2bd/2.5ba townhouses measuring 1,150 SF, were built in 2006 and include two master bedrooms and in-unit laundry. The townhouses are separately metered for water and sewer, gas and electricity. There is tremendous opportunity to create value by pushing the current rent roll to market on the new construction townhouses. The new construction townhouses current average rent is roughly 10% under market when compared to its nearby competitors. A modest rehab on the two duplexes will create an attractive return for an investor. The duplexes current average rent is 15% under market when compared to its nearby competitors. Touring Wednesday 10/17 and Thursday 10/18 from 10AM - 2PM. Tours are by appointment only!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 12 | - | 1,150 |
| 2+1 | 4 | - | 900 |
PROPERTY TAXES
| Parcel Number | 043-150-004-000 | Improvements Assessment | $1,844,564 |
| Land Assessment | $780,861 | Total Assessment | $2,625,425 |
PROPERTY TAXES
