1148 Palm Avenue Chico, CA 95926

$585,000 Closed

About the Property

Please Note: This property has been SOLD

Very cool property featuring two homes on one lot with each home having its own 2-car garage. The front house is an original farm house from a local ranch that underwent a major renovation 15 years ago so it has an updated kitchen and bathrooms, but retains much of its original character with original wood windows, doors and hardware. The home features 3 bedrooms, 2 full baths, an office that has been used as a 4th bedroom, a formal dining room, separate family room, a laundry room and a large unfinished basement. There is a fully fenced private yard at the back of which is the detached 2 car garage, and the garage has attic storage accessed by a pull down ladder. At the rear of the property is a 2009 built home that features 2 bedrooms, 2 full bathrooms, a laundry room, open kitchen and living room with vaulted ceilings, and a 2 car garage. The back house is accessed off of the alley, which is fully improved with cement from E 1st Ave. The property is located in the East Avenues and is walking distance to restaurants, cafes, shops and grocery stores. The property is also just a short bike ride away from Chico High School, Chico State, and downtown Chico. The property next store, 1160 Palm Ave, is also listed for sale.

Property Information

Size 2,900 SqFt
Price/SqFt $202
Lot Size 0.25 Acres
Year Built 2009
Property Type Residential Income
Zoning R3
Listing Number SN20076870
Listed 4/21/2020
Modified 8/21/2020
Listing Agent Mike McCrady
Listing Office Michael McCrady, Broker
Total Building 3
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Units Leased
  • 2
# Water Meters
  • 2
  • Central Air
  • Photovoltaics Third-Party Owned
  • None
Garage Spaces
  • 4.00
Gross Income
  • 39000.00
Gross Scheduled Income
  • 39000.00
  • Central
  • Three Or More
Net Operating Income
  • 27875.00
Operating Expense
  • 11125.00
Parking Total
  • 8.00
  • None
  • Public Sewer
  • 3
Total Actual Rent
  • 3250.00
Total Expenses
  • 11125.00
Uncovered Spaces
  • 4.00
Water Source
  • Public
  • Sewer Connected
  • Water Connected
Community Features
  • Curbs
  • Gutters
  • Sidewalks
Tenant Pays
  • All Utilities
  • Sewer
  • Trash Collection
  • Water