1005 Magnolia Avenue Chico, CA 95926

$510,000 Active

About the Property

Location! Location! Location! Set on a corner lot with easy access to all 4 units, this Chico Charmer is just blocks away from the CSU Chico campus and downtown. The home features a 2 bedroom, 1 bathroom unit, and three 1 bedroom, 1 bathroom units. There is off street parking behind the home, dual pane windows, a newer roof, and a low maintenance yard. Don't miss this opportunity to own an amazing income property with a slice of Chico history.

Property Information

Size 2,250 SqFt
Price/SqFt $227
Lot Size 0.12 Acres
Year Built 1905
Property Type Residential Income
Zoning R3
Listing Number SN19102537
Listed 5/3/2019
Modified 9/6/2019
Listing Agent Hobie Jensen
Listing Office Parkway Real Estate Co.
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Units Leased
  • 4
# Water Meters
  • 1
Community Features
  • Sidewalks
Cooling
  • Wall/Window Unit(s)
Garage Spaces
  • 0.00
Gross Income
  • 39420.00
Gross Scheduled Income
  • 39420.00
Heating
  • Wall Furnace
Levels
  • Multi/Split
Net Operating Income
  • 30383.00
Operating Expense
  • 9037.00
Parking Total
  • 4.00
Pool
  • None
Roofing
  • Asphalt
Sewer
  • Public Sewer
StoriesTotal
  • 2
Style
  • Craftsman
Total Actual Rent
  • 3285.00
Total Expenses
  • 9037.00
Water Source
  • Public
Tenant Pays
  • Electricity
  • Gas
Flooring
  • Carpet
  • Laminate
  • Vinyl