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1700 Sherman Avenue
Chico, CA 95926
Asking Price
$549K
Asset Type
Multifamily
Class
Class B
What's Special
Tri-Plex located in the Avenues <p>This property consists of a 3-bed 1-bath house built in 1954. The duplex has 2-bedroom, 1-bath units and was built in 1984. The house has lots of charm and character with wood floors, built-ins, ceiling fans, a window unit for A/C, and a gas wall unit for heating. There is a nice-sized backyard, laundry hook-ups, and a garage. The duplex has some nice upgrades of central heat and air, ceiling fans, a gas oven, and laundry hook-ups. All units were hooked up to the City Sewer in October 2021. T
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NOI
$80,000
Cap Rate
14.57%
DSCR
2.45
Strong
Cash-on-Cash
28.78%
Monthly Payment
$2,716.152
Annual Cash Flow
$47,406.171
