1131 W 6th Street Chico, CA 95928

$549,000 Active

About the Property

All units are completely upgraded! Work just finished on the front house (1131) which is a 5 bedroom, 2 bath. Upgrades include waterproof flooring, new bathrooms, new fixtures and electrical and more. Prior to the remodel, 1131 was previously leased at $2880/month, estimated market rent is now over $2950/month. The rear unit (1133) is a 2 bedroom 2 bath, completely upgraded as well. It is leased until 2020 for $1440/mo. Units have indoor laundry. Per meetings with the City of Chico planning department it appears zoning (R3) and setbacks allow for building an additional detached unit in the rear making this a 3 unit property. This information is not guaranteed, and buyer shall investigate all building and development opportunities to their satisfaction. Full financials are attached.

Property Information

Size 2,220 SqFt
Price/SqFt $247
Lot Size 0.26 Acres
Year Built 1895
Property Type Residential Income
Zoning R3
Listing Number SN19229199
Listed 9/26/2019
Modified 11/25/2019
Listing Agent Ryan Vaught
Listing Office Ryno Company
Total Building 2
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Water Meters
  • 1
Community Features
  • Urban
Garage Spaces
  • 0.00
Gross Income
  • 4325.00
Gross Scheduled Income
  • 51900.00
Heating
  • Central
Levels
  • One
Net Operating Income
  • 30603.00
Operating Expense
  • 18702.00
Pool
  • None
Senior Community
  • Yes
Sewer
  • Public Sewer
StoriesTotal
  • 1
Total Expenses
  • 18702.00
Water Source
  • Public
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
  • Trash Collection