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155 Panama Avenue
Chico, CA 95973

$725,000

Number of Units: 13
Type: Multi-Unit Residential
Listing #CH17215956
A great investment opportunity! This property features very limited turnover (once a year on average). In total there are 13 units with 12 studio apartments and one one bedroom (#13). At the southern most end of the building there is a storage shed not currently accessible by residents. All walkways and sidewalks have just been repainted and the parking lot is soon to be re-striped. Laundry facilities available to residents. There is plenty of space for all residents to park one vehicle per unit and off street parking available if needed. As an option, the property could be sold as a package with the neighboring lot, 2568 Esplanade. The two lots and buildings total 19 units and make up Panama Springs Apartments. 2568 Esplanade features a laundry room on the eastern side of the building and a three bedroom unit/managers office on the western side. Please inquire about both lots if interested.
Property Features
Location Information
County: Butte
Directions: If headed north on Esplanade, take a right on Panama Avenue, building is located on the south side of Panama
Interior Features
Rooms: All Bedrooms Down
Has Fireplace: No
Fireplace Description: None
Heating: Wall Heater, Natural Gas
Floors: Carpet, Vinyl
Laundry: Community
Appliances: Electric Stove, Freezer, Gas Oven, Gas Stove, Gas Water Heater, Refrigerator
Total Number of Units: 13
Exterior Features
Stories: One
Roof: Composition
Water Source: Public
Septic or Sewer: Conventional Septic
Utilities: Cable Available, Phone Available, Sewer Connected, Water Connected
Gas Meters: 1
Garage Spaces: 0
Parking Spaces: 0
Has a Pool: No
Pool Description: None
Lot Description: Garden
Lot Size in Acres: 0.26
Additional Information
Attached Structure: 1
Property Type: RI
Year Built: 1947
APN: 006060055000
Status: Active
Is Aged Restricted: No
HOA Fee: 0
Lot Square Feet Source: Assessor


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Monthly Insurance: $
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
This listing is courtesy of: Larry Ruby - Sheraton Investment Services
©2018 California Regional Multiple Listing Service, Inc. All Rights Reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data is deemed reliable but is not guaranteed accurate. Sale information is for personal and informational purposes only and is not an indication of a market analysis or an appraisal. Source MLSs include California Regional Multiple Listing Service, Inc. (CRMLS).
Central-North CRMLS data last updated at January 22, 2018 4:38 PM PT