1131 W 6th Street Chico, CA 95928

$598,000 Active

About the Property

Two homes for the price of one! This flat 1/4 acre lot in the heart of Downtown Chico has two updated homes that present ample opportunity. The incredible location puts you at the center of the action, making this a very desirable rental. Your'e a short walk to Chico State and all the Bars + Restaurants in Historic Downtown Chico, and only 1.3 miles from Bidwell Park. New 2yr lease just signed for the main home at $3k/mo : A freshly updated 4 bed/2 bath + spacious Bonus Room. The second home is a 2 bed/2 bath, currently rented to great tenants at $1,495/mo. Total monthy rental income $4,495/mo! Additionally, the R3 Zoning may allow for the development of additional units - buyer to verify with City of Chico Planning.

Property Information

Size 2,105 SqFt
Price/SqFt $284
Lot Size 0.26 Acres
Year Built 1895
Property Type Residential Income
Zoning r3
Listing Number ML81912833
Listed 11/11/2022
Modified 3/3/2023
Listing Agent Bjorn Berg
Listing Office eXp Realty of California Inc
Total Building 2

Property Features

Accessibility Features
  • None
Cap Rate
  • 6.60
Carport Spaces
  • 0.00
Garage Spaces
  • 0.00
Gross Scheduled Income
  • 51540.00
  • Central
Parking Total
  • 6.00
  • Shingle
  • Public Sewer
Total Expenses
  • 12094.00
Water Source
  • Public
  • Central Air
  • Wall/Window Unit(s)