1134 W 5th Street Chico, CA 95928

$329,000 Pending

About the Property

Totally remodeled 4 bedroom 2 bath house blocks from CSUC. Leased until 2020 at $1980/month. Market rent of this house is estimated at $2195/month or more. Upgrades include waterproof flooring, new bathrooms, new fixtures and electrical and more. Property has 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 front making this a fully rent-able 2 unit property. Cost to build is estimated at 75-95K for a 1 or 2 bedroom, with estimated rent $900-$1200/mo. This information is not guaranteed, and buyer shall investigate all building and development opportunities to their satisfaction. Don't miss out on this turn key, easy to lease and fully remodeled income property, with potential to add a unit!

Property Information

Size 1,108 SqFt
Price/SqFt $297
Lot Size 0.1 Acres
Year Built 1985
Property Type Residential Income
Zoning CITY
Listing Number SN19175880
Listed 7/24/2019
Modified 8/7/2019
Listing Agent Ryan Vaught
Listing Office Ryno Company
Total Building 1
Total Units 1

Property Features

# Electric Meters
  • 1
# Gas Meters
  • 1
# Units Leased
  • 1
# Water Meters
  • 1
Cap Rate
  • 7.10
Community Features
  • Sidewalks
Cooling
  • Central Air
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 23760.00
Gross Scheduled Income
  • 23760.00
Heating
  • Central
Levels
  • One
Net Operating Income
  • 16194.00
Operating Expense
  • 7566.00
Pool
  • None
Sewer
  • Public Sewer
Total Actual Rent
  • 1980.00
Total Expenses
  • 7566.00
Water Source
  • Public
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
  • Trash Collection
Utilities
  • Cable Connected
  • Electricity Connected
  • Natural Gas Connected
  • Water Connected