1154 Warner Street Chico, CA 95926

$379,000 Pending

About the Property

This always rented and super cute duplex is just steps from CSU Chico and Downtown. Each unit is 2 bedroom, 1 bath, however upstairs has a large bonus room with a closet and a very large kitchen pantry. Property is professionally managed and rent totals $2390/month with one lease expiring in July 2020. Market rent is estimated at over $2600/mo. Bottom unit is completely upgraded with new bathroom, kitchen, waterproof flooring etc. Top unit is in good condition. Both units have indoor laundry. Property has a large back yard which fronts an alley. There is plenty of room for parking or to add additional units, subject to the city use permit and approval process. Buyer to investigate all facts and development potential to their satisfaction.

Property Information

Size 1,776 SqFt
Price/SqFt $213
Lot Size 0.23 Acres
Year Built 1907
Property Type Residential Income
Zoning R3
Listing Number SN20031458
Listed 2/12/2020
Modified 3/6/2020
Listing Agent Ryan Vaught
Listing Office Ryno Company
Total Building 1
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Units Leased
  • 2
# Water Meters
  • 1
Community Features
  • Urban
Garage Spaces
  • 0.00
Gross Income
  • 2390.00
Gross Scheduled Income
  • 28680.00
Net Operating Income
  • 19536.00
Operating Expense
  • 8570.00
Pool
  • None
Sewer
  • Public Sewer
Total Actual Rent
  • 2390.00
Total Expenses
  • 8750.00
Water Source
  • Public
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
  • Sewer
  • Trash Collection
  • Water