541 W 5th ST new Save Request In-Person Tour Request Virtual Tour
Chico,CA 95928
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