Nestled in a quiet location near downtown, this extremely well-maintained 4-plex offers convenient access to highways 32 and 99. The property features a large off-street parking lot and consists of four 2-bedroom, 1-bath units, each equipped with dual pane windows, a gas wall heater and wall/window AC. One of the units has been recently renovated, showcasing vinyl flooring, new carpets, baseboards, and crown molding. Residents will appreciate the convenience of an on-site shared laundry facility. The building has been exceptionally well maintained and roof and pest clearances are on file. Don’t miss out on this turnkey investment opportunity!
Last Agent to Sell the Property
Re/Max of Chico Brokerage Phone: 530-896-9300 License #01738682 Listed on: 06/24/2024
Home Type
Est. Annual Taxes
Year Built
Lot Details
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Interior Spaces
Kitchen
Bedrooms and Bathrooms
Laundry
Home Security
Parking
Location
Utilities
Listing and Financial Details
Overview
Amenities
Building Details
$799,000
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
Matthew Sarro Collier's International CA, Inc.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $649,500 | Mid Valley Title & Escrow | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $389,700 | New Conventional |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/02/2024 08/02/24 | Sold | $649,500 | 0.0% | $226 / Sq Ft |
| 06/24/2024 06/24/24 | For Sale | $649,500 | -- | $226 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,634 | $234,465 | $65,181 | $169,284 |
| 2023 | $2,603 | $229,868 | $63,903 | $165,965 |
| 2022 | $2,562 | $225,361 | $62,650 | $162,711 |
| 2021 | $2,511 | $220,943 | $61,422 | $159,521 |
| 2020 | $2,507 | $218,679 | $60,793 | $157,886 |
| 2019 | $2,464 | $214,392 | $59,601 | $154,791 |
| 2018 | $2,418 | $210,189 | $58,433 | $151,756 |
| 2017 | $2,365 | $206,069 | $57,288 | $148,781 |
| 2016 | $2,162 | $202,029 | $56,165 | $145,864 |
| 2015 | $2,161 | $198,995 | $55,322 | $143,673 |
| 2014 | $2,114 | $195,098 | $54,239 | $140,859 |
Seller's Agent in 2024
Shane Collins
RE/MAX
(530) 518-1413
5 in this area
153 Total Sales
Buyer's Agent in 2024
Kenneth Winslow
RE/MAX
(530) 809-3700
1 in this area
18 Total Sales
H
Buyer Co-Listing Agent in 2024
Heidi Brandt-Winslow
RE/MAX
(530) 809-3426
1 in this area
28 Total Sales
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN24129484
APN: 005-242-009-000
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