1072 Chestnut Street Chico, CA 95928

$465,000 Active

About the Property

Solid income-producing 4-plex just a quick walk/bike to CSUC. (3) 2-story units and (1) single story (front unit). 2-story units are 2-bed 2-bath with laundry hookups, living room, and small back patios. Bedrooms and 1-bath upstairs, half-bath with laundry downstairs, mini-split "ductless" AC located upstairs, carpet and vinyl or "LVP" luxury vinyl plank flooring. The single story unit is 2-bed 1-bath with living room, hardwood floors, no laundry, private off street parking, and a large front porch. ALL units have wall furnace heaters. NEW ext paint. New roof in 2013. Mostly newer appliances and renovated kitchens. 2 new water heaters. ALL UNITS currently rented. Total rents: $3,175/mo. Owner pays trash, water/sewer, landscaping. Very well maintained rental property with an extremely stable rental history. (Pro-forma rents: $3,600/mo)

Property Information

Size 3,078 SqFt
Price/SqFt $151
Lot Size 0.13 Acres
Year Built 1968
Property Type Residential Income
Zoning R3
Listing Number SN17227807
Listed 10/3/2017
Modified 10/18/2017
Listing Agent John Lawrence
Listing Office Chico Area Realty
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Units Leased
  • 4
# Water Meters
  • 1
Cooling
  • See Remarks
Fencing
  • Wood
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Scheduled Income
  • 38100.00
Heating
  • Central Furnace
Levels
  • Two
Net Operating Income
  • 25559.00
Operating Expense
  • 12541.00
Parking Total
  • 4.00
Pool
  • None
Roofing
  • Composition
Spa
  • None
StoriesTotal
  • 2
Total Actual Rent
  • 3175.00
Total Expenses
  • 12541.00
Uncovered Spaces
  • 4.00
Views
  • Neighborhood
Water Source
  • Public
Construction Materials
  • Stucco
  • Wood Siding
Community Features
  • Curbs
  • Gutters
  • Sidewalks
Utilities
  • Cable Available
  • Sewer Connected
  • Water Connected
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
  • Telephone