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Bryan Powell

[email protected] +1(916) 521-4687

$ 749,000

Est. payment -/mo

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Price Dropped by $50K

541 W 5th ST Chico, CA 95928

5,663 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 225078824

HOA Y/N No

Year Built 1920

Lot Size 5,663 Sqft

Acres 0.13

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

Colliers is pleased to present the sale offering of a 7-unit multifamily property located at 541 W 5th Street in Chico, California. The community is comprised of two buildings built in 1930 and sits on a 0.13-acre parcel in the heart of Downtown. 541 W 5th Street offers off-street parking and on-site laundry for its residents. A new owner will be able to further enhance the complex by implementing an interior renovation strategy and raising rents over time. Additionally, a new owner can capitalize from implementing a RUBS program to help cover a portion of any common area utility expenses typically paid by the landlord. The Ratio Utility Billing System (RUBS) has been increasingly common over the past several years and will help bolster investor returns.

Location

State CA

County Butte

Area 12548

Direction Corner of Hazel Street and W 5th Street in Chico, CA.

Interior

Heating Wall Furnace

Cooling Wall Unit(s)

Flooring Varies by Unit

Laundry Varies by Unit

Exterior

Parking Features Varies by Unit

Utilities Available Natural Gas Connected, Other

Water Access Desc Meter on Site

Building

Lot Description Other

Story 2

Foundation Concrete

Sewer Sewer Connected

Water Meter on Site

Architectural Style Victorian

Schools

Elementary Schools Chico Unified

Middle Schools Chico Unified

High Schools Chico Unified

School District Butte

Others

Senior Community No

Tax ID 004-213-002

Special Listing Condition None

Listed by Collier's International CA, Inc.

Bryan Powell

Broker | CA DRE#02003689

+1(916) 521-4687

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Bryan Powell

541 W 5th ST Chico, CA 95928

Key Details

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541 W 5th ST