1021 Alder Street Chico, CA 95928

$400,000 Closed

About the Property

Please Note: This property has been SOLD

Discover the perfect investment! This duplex is nestled close to downtown with convenient access to freeways and Bidwell Park. With a 2-bedroom, 1-bath unit downstairs, leased through May 2025, and a furnished 1-bedroom, 1-bath unit upstairs, this property will ensure a steady income stream for the investor, OR live in one unit while enjoying supplemental rental income. Both units have been updated with wood laminate flooring. Dual pane windows and a new roof were installed 5+ years ago. There are ductless mini splits and ceiling fans throughout. There are separate gas and electric meters for each unit and the property has been connected to City Sewer. The spacious backyard is fenced and includes a detached storage structure and laundry room. Whether you're an astute investor or a discerning homeowner looking for versatility and income potential, this duplex presents a compelling proposition. Don't miss your chance to capitalize on this offering!

Property Information

Size 1,464 SqFt
Price/SqFt $273
Lot Size 0.14 Acres
Year Built 1981
Property Type Residential Income
Zoning AR
Listing Number SN24044467
Listed 3/4/2024
Modified 4/16/2024
Listing Agent Shane Collins
Listing Office Re/Max of Chico
Total Building 1
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Water Meters
  • 2
Community Features
  • Suburban
  • None
Garage Spaces
  • 0.00
Gross Income
  • 32400.00
Gross Scheduled Income
  • 32400.00
  • Ceiling Fan(s)
  • Two
Net Operating Income
  • 30418.00
Operating Expense
  • 1982.12
  • None
Price Pe rUnit
  • 192500
  • Composition
  • Public Sewer
  • None
  • 2
Total Expenses
  • 1982.12
Water Source
  • Public
  • Electric Range
  • Refrigerator
  • Ductless
  • Wall/Window Unit(s)
  • Ductless
  • Wall Furnace
Other Structures
  • Outbuilding
  • Shed(s)
Tenant Pays
  • Electricity
  • See Remarks
  • Electricity Connected
  • Sewer Connected
  • Water Connected