Description
This building generates nearly $40,0000 a year in annual rents with opportunity for more upside! Excellent investment opportunity! Very hard to find a cash cow updated commercial building on highly visible East Avenue in Chico at this price point. All six units are fully rented with one to two year leases. Property has six PG&E meters. The size and price point of these units are very desirable and have rented easily. All tenants have expressed desire to stay! Three of the units have been remodeled in the last couple months with modern flooring and new paint! This property comes with two jack and jill bathrooms and one unit that has a full bath. The exterior of the building has also been given a face lift with striking black and white paint. Commercial properties like this one at this price point do not become available often!
School Ratings & Info
Description
This building generates nearly $40,0000 a year in annual rents with opportunity for more upside! Excellent investment opportunity! Very hard to find a cash cow updated commercial building on highly visible East Avenue in Chico at this price point. All six units are fully rented with one to two year leases. Property has six PG&E meters. The size and price point of these units are very desirable and have rented easily. All tenants have expressed desire to stay! Three of the units have been remodeled in the last couple months with modern flooring and new paint! This property comes with two jack and jill bathrooms and one unit that has a full bath. The exterior of the building has also been given a face lift with striking black and white paint. Commercial properties like this one at this price point do not become available often!
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-05-15T12:32:57.09. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.