1101 Columbus Ave Chico, CA 95926

$470,000 Active
  • Unit 2 - 2bd | 1ba Unit 2 - 2bd | 1ba
  • Unit 2 - 2bd | 1ba
  • Unit 1 | 2-Story 3ba 2ba
  • Unit 1 | 2-Story 3ba 2ba
  • Unit 1 | 2-Story 3ba 2ba
  • Unit 1 | 2-Story 3ba 2ba
  • Unit 1 | 2-Story 3ba 2ba
  • Unit 1 | 2-Story 3ba 2ba
  • Unit 1 | 2-Story 3ba 2ba
  • Unit 1 | 2-Story 3ba 2ba
  • Unit 2 - 2bd | 1ba
  • Unit 2 Front
  • Unit 2 side
  • Unit 2 - 2bd | 1ba
  • Unit 2 - 2bd | 1ba
  • Unit 2 - 2bd | 1ba
  • Unit 2 - 2bd | 1ba
  • Unit 2 - 2bd | 1ba
  • Unit 2 - 2bd | 1ba
  • Unit 2 - 2bd | 1ba

About the Property

Don’t miss the chance to add this cash flowing Duplex to your portfolio. The original single-story 2-bedroom + bonus room, 1 bathroom home was extended in 2003 to add a second unit with 3 bedrooms & 2 bathrooms. Both units are recently updated and in rent-ready condition. Ample parking, in-unit laundry and close proximity to shopping and dining means there is a high demand for these rental units and therefore a low vacancy factor. Separately metered gas and electricity and low-maintenance landscaping keep expenses low. Fully leased and generating $3000 in gross rental income each month, this property is the turnkey investment opportunity you have been waiting for.

Property Information

Size 2,000 SqFt
Price/SqFt $235
Lot Size 0.14 Acres
Year Built 1946
Property Type Residential Income
Listing Number SN23162154
Listed 8/28/2023
Modified 10/20/2023
Listing Agent Nick Allison
Listing Office eXp Realty of California, Inc.
Total Building 1
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Units Leased
  • 2
# Water Meters
  • 1
Cooling
  • Central Air
Electric
  • 220 Volts in Laundry
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 36000.00
Gross Scheduled Income
  • 36000.00
Net Operating Income
  • 20710.00
Operating Expense
  • 15290.00
Parking Total
  • 5.00
Pool
  • None
Price Pe rUnit
  • 235000
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Total Actual Rent
  • 3000.00
Total Expenses
  • 15290.00
Uncovered Spaces
  • 5.00
Views
  • Neighborhood
Water Source
  • Public
Community Features
  • Biking
  • Suburban
Heating
  • Central
  • Fireplace(s)
Levels
  • One
  • Two