2805 Morseman Avenue, Chico, CA 95973

About this property

Sale includes both 2805 and 2811 Morseman Avenue two separate parcel numbers (007-200-009 & 007-200-008).
 This sale is subject to 1031 Tax deferred exchange, seller is currently in escrow with replacement property.
 Extremely well-maintained 10 units, all 3 bedroom 2 bath, inside laundry, back yards and 1 car garages.
 Superb investment in todays market providing a 6.3% Cap Rate at list price. All units are on month-to-month leases except one. Each parcel has 2 duplexes and one single detached unit, totaling 5 units per parcel. Rents stated reflect nominal rental increase beginning July 1st 2019.

Listing description from the August 2019 sale, as reported to CRMLS.

Sale history

$1,550,000

Sold August 2019 · listed $1,595,000, orig. $1,750,000, on market May 2019 · MLS #SN19124095 · Source: CRMLS

Listing Agent: Ken Winslow · Listing Office: Keller Williams Realty Chico Area · Contact: 530-809-3700 · Bought with: John Barroso · Parkway Real Estate Co.

$1,250,000

Sold October 2015 · listed $1,350,000, orig. $1,500,000, on market April 2015 · MLS #CH15101118 · Source: CRMLS

Listing Agent: Phil Larios · Listing Office: Hignell Incorporated · Contact: 530-894-0404 · Bought with: Ken Winslow · Keller Williams Realty Chico

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