1145 Hazel Street Chico, CA 95926

$440,000 Closed
  • Front of 3 bedroom unit Front of 3 bedroom unit
  • Front of 3 bedroom unit
  • Side of 3 bedroom unit
  • 3 Bedroom Kitchen
  • 3 Bedroom Living Room
  • 3 Bedroom nook off kitchen
  • 3 Bedroom laundry room
  • 3 Bedroom Master
  • 3 Bedroom Master
  • 3 Bedroom Bath
  • 3 Bedroom Bath
  • 3 Bedroom Bedroom 2
  • 3 Bedroom Bedroom 2
  • 3 Bedroom Bedroom 3
  • 2 car detached garage
  • 2 car detached garage
  • 2 car detached garage
  • Grass area between garage and Unit 2
  • Front of Unit 2
  • Front of Unit 2
  • Unit 2 Kitchen
  • Unit 2 Kitchen
  • Unit 2 Living Room
  • Unit 2 bathroom
  • Unit 2 Living Room
  • Unit 2 Bedroom
  • Unit 2 Bedroom
  • Unit 2 Bedroom
  • Unit 2 Laundry room and storage
  • Front of Units 3 and 4
  • Living Room of Unit 3
  • One side Kitchen of Unit 3
  • Unit 3 bedroom
  • Bathroom for unit 3
  • Unit 4 Living Room
  • Unit 4 Kitchen
  • Unit 4 Kitchen
  • Pantry/ small office for unit 4
  • Pantry/ small office for unit 4
  • Unit 4 Bedroom
  • Unit 4 Bedroom
  • Unit 4 Bedroom
  • Unit 4 bathroom
  • Side/backyard of units 3 and 4
  • Back/side alley behind unit 3 and 4

About the Property

Please Note: This property has been SOLD

Great investment opportunity with 4 units! Two single family homes and one duplex near Chico State. Located on a large corner lot between Hazel and W 12th Street sits a 3 bedroom 1 bath home with a detached garage. Behind that unit is a single 1 bedroom, 1 bathroom unit and then another free standing single story duplex with two 1 bedroom 1 bathroom units. All units are fully rented with leases extending until Summer of 2018. Back 3 units have about 10 uncovered off street unassigned parking spaces and large fenced grassy area out front. There is a covered open breezeway over the duplex, with storage rooms on the opposite side of the units, and a communal back yard area. All units have indoor laundry. The three bedroom unit does need some love, however back three units are recently updated and VERY clean. All units include gas stoves/ovens, washer and dryers and refrigerators. A few of the units have new flooring, paint, granite countertops, new cabinets, hardwood floors and updated bathrooms. Other addresses included in the sale are 524 W. 12th Street (rented for 825.00), 526 W. 12th Street (rented for 895.00), and 536 W. 12th Street (rented for 710.00). 1145 Hazel is rented at 1160.00 Great location near downtown - these units never have an issue renting. Great opportunity to live in one unit and have the other three units pay your mortgage! Rare find in this area, and a great Cap Rate!

Property Information

Size 3,392 SqFt
Price/SqFt $130
Lot Size 0.25 Acres
Year Built 1949
Property Type Residential Income
Zoning R3
Listing Number CH17128951
Listed 6/13/2017
Modified 8/11/2017
Listing Agent Alisha Simpkins
Listing Office Keller Williams Realty Chico
Total Building 3
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Units Leased
  • 4
# Water Meters
  • 4
Cap Rate
  • 8.20
Community Features
  • Suburban
Cooling
  • Wall Window
Fireplace
  • None
Garage Spaces
  • 2.00
Gross Scheduled Income
  • 43080
Net Operating Income
  • 34834
Operating Expense
  • 8246.00
Other Structures
  • Two On A Lot
Parking Total
  • 12.00
Pool
  • None
Roofing
  • Composition
Spa
  • None
Total Actual Rent
  • 3670
Total Expenses
  • 8246.00
Uncovered Spaces
  • 10.00
Utilities
  • Water Connected
Views
  • Neighborhood
Water Source
  • Public
Appliances
  • Gas Oven
  • Gas Stove
  • Refrigerator
Heating
  • Central Furnace
  • Floor Furnace
  • Wall Heater
Tenant Pays
  • Cable TV
  • Electricity
  • Gardener
  • Sewer
Flooring
  • Carpet
  • Laminate
  • Tile
  • Vinyl
  • Wood
Interior
  • Built-Ins
  • Ceiling Fan
  • Crown Moldings
  • Granite Counters
  • Pantry
  • Tile Counters