1006 Salem Street Chico, CA 95928

$450,000 Active Under Contract

About the Property

Welcome to this unique triplex located in the sought-after Barber District, offering a fantastic opportunity for investors or those with a vision. This property features three distinct units, each with its own charm and potential. There are two 1-bedroom, 1-bath units, each with its own kitchen and built-in features, providing a cozy and functional living space. Downstairs, there is a spacious 2-bedroom, 1-bath unit, complete with a kitchen and an extra storage room. Ideal for families or those needing extra space. The property includes a backyard area with additional storage and alley access. This triplex is a contractor's special and will need some TLC to bring out its full potential. Whether you're looking to renovate and update or invest in a property with character, this triplex offers a prime location and plenty of possibilities. Don’t miss the chance to make this gem in the Barber District your own!

Property Information

Size 2,124 SqFt
Price/SqFt $212
Lot Size 0.13 Acres
Year Built 1909
Property Type Residential Income
Zoning R3
Listing Number SN24165289
Listed 8/9/2024
Modified 9/19/2024
Listing Agent Heather Cooper
Listing Office Willow & Birch Realty, Inc
Total Building 1
Total Units 3

Property Features

# Electric Meters
  • 3
# Gas Meters
  • 3
# Water Meters
  • 3
Cooling
  • Wall/Window Unit(s)
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 23678.00
Gross Scheduled Income
  • 27012.00
Heating
  • See Remarks
Interior
  • Built-in Features
Net Operating Income
  • 23678.00
Operating Expense
  • 3334.00
Pool
  • None
Price Pe rUnit
  • 150000
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Total Expenses
  • 3334.00
Views
  • Neighborhood
Water Source
  • Public
Appliances
  • Gas Range
  • Water Heater
Community Features
  • Sidewalks
  • Street Lights