1149 W 3rd Street Chico, CA 95928

$1,250,000 Active

About the Property

1149 W 3rd St in Chico, CA, is part of a prime investment package being sold alongside the adjoining duplex at 333 Oak St. Ideally located near CSU Chico and other amenities, this property offers a vibrant, walkable, and bike-friendly environment. The triplex at 1149 W 3rd St offers three spacious 3-bedroom, 2-bath units, each equipped with a washer and dryer and off-street parking. The duplex at 333 Oak St features two 2-bedroom, 1-bath units, also with in-unit laundry and off-street parking. Both properties were built in 2007 and have been professionally managed and are exceptionally well-maintained. Some of the features of these units include central heat & air, recessed lighting, luxury vinyl and tile flooring in the living spaces and bathrooms, gas ranges, dishwashers, crown molding, and ceiling fans. This package presents an excellent opportunity to own multiple income-generating properties that are fully leased at market rental rates.

Property Information

Size 4,284 SqFt
Price/SqFt $292
Lot Size 0.2 Acres
Year Built 2007
Property Type Residential Income
Zoning R3
Listing Number SN24174900
Listed 8/22/2024
Modified 9/17/2024
Listing Agent Shane Collins
Listing Office Re/Max of Chico
Total Building 2
Total Units 5

Property Features

# Electric Meters
  • 5
# Gas Meters
  • 5
# Water Meters
  • 3
Construction Materials
  • Stucco
Cooling
  • Central Air
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 104400.00
Gross Scheduled Income
  • 102840.00
Heating
  • Central
Interior
  • Ceiling Fan(s)
Levels
  • Two
Net Operating Income
  • 79987.00
Operating Expense
  • 22853.00
Pool
  • None
Price Pe rUnit
  • 250000
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Total Expenses
  • 22853.00
Water Source
  • Public
Community Features
  • Sidewalks
  • Street Lights
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
Utilities
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected
Flooring
  • Carpet
  • Laminate
  • Tile
  • Vinyl
Appliances
  • Dishwasher
  • Gas Range
  • Range Hood
  • Refrigerator
  • Water Heater