1544 Elm Street Chico, CA 95928

$233,500 Closed

About the Property

Please Note: This property has been SOLD

Two cute bungalows on one lot near downtown Chico and Bidwell Park. Each stand-alone home has 2 bedrooms, 1 full bath, indoor laundry, private fenced yards, separate access, and plenty of charm. The property is nestled on a shady treed lot in a quiet neighborhood biking distance to Bidwell Park, Chico State, and the downtown area. The property is connected to City sewer and each home has its own water meter. Roof on front unit was replaced in 2015. Perfect for parent-student investor, or owner occupant in one and rent out the other. Monthly rent for unit B is $750 and tenant pays water/sewer. Unit A has recently been updated with new carpet, vinyl and paint. Garbage is $58 per month for both units.

Property Information

Size 1,472 SqFt
Price/SqFt $159
Lot Size 0.13 Acres
Year Built 1950
Property Type Residential Income
Listing Number CH16070011
Listed 4/5/2016
Modified 6/27/2016
Listing Agent Michael McCrady
Listing Office Michael McCrady, Broker
Total Building 2
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Water Meters
  • 2
Cap Rate
  • 5.40
Construction Materials
  • Stucco
Cooling
  • Wall Window
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 1500.00
Gross Scheduled Income
  • 18000.00
Heating
  • Wall Heater
Interior
  • Wainscoting
Levels
  • One
Net Operating Income
  • 13034.00
Operating Expense
  • 4426.00
Other Structures
  • Two On A Lot
Pool
  • None
Roofing
  • Asphalt
Spa
  • None
StoriesTotal
  • 1
Style
  • Bungalow
Water Source
  • Public
Appliances
  • Electric Oven
  • Electric Range
Community Features
  • Curbs
  • Sidewalks
Fencing
  • Average Condition
  • Wood
Flooring
  • Carpet
  • Vinyl