1160 Palm Avenue Chico, CA 95926

$599,000 Pending
  • Unit A 2 bedroom 1 bath Unit A 2 bedroom 1 bath
  • Unit A 2 bedroom 1 bath
  • Unit A
  • Unit C 1 bedroom 1 bath
  • Unit A kitchen
  • Unit A kitchen
  • Unit A kitchen
  • Unit A living room
  • Unit A living room
  • Unit A dining room
  • Unit A bed room
  • Unit A bathroom
  • Unit A bedroom
  • Detached garage rented with Unit A
  • Unit C living room
  • Unit C living room
  • Unit C living room
  • Unit C living room and kitchen
  • Unit C kitchen
  • Unit C dining nook
  • Unit C kitchen
  • Unit C bathroom
  • Unit C laundry area in basement
  • Unit C back yard
  • Unit C back yard and patio
  • Back house accessed from paved alley (Unit B). 2 bedroom 2 bathroom with 2 car garage.
  • Back house accessed from paved alley (Unit B). 2 bedroom 2 bathroom with 2 car garage.
  • Unit B 2 bedroom 2 bathroom
  • Unit B rear yard

About the Property

Tucked in the avenues, walking distance to Bidwell Park, cafes and restaurants, you will find this unique residential income property that features two homes on one lot and each home has its own 2-car garage. At the front of the property is a classic tudor revival home that has been converted to a duplex configured as follows: a 2 bedroom 1 bath unit; and a 1 bedroom 1 bath unit with a large basement. At the rear of the property, accessed from a fully improved alley, is a 2009-built 2 bedroom 2 bath home with an over-sized 2 car garage. All 3 units are in good condition and have their own laundry facilities. Because of the location and attractiveness of the property, the units rarely turn over and are easily rented when they do. The property next store, 1148 Palm Ave, is also listed for sale.

Property Information

Size 2,900 SqFt
Price/SqFt $207
Lot Size 0.25 Acres
Year Built 1935
Property Type Residential Income
Zoning R3
Listing Number SN20076901
Listed 4/21/2020
Modified 9/25/2020
Listing Agent Mike McCrady
Listing Office Michael McCrady, Broker
Total Building 2
Total Units 3

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Water Meters
  • 2
Cooling
  • Central Air
Fireplace
  • None
Garage Spaces
  • 4.00
Gross Income
  • 43260.00
Gross Scheduled Income
  • 43260.00
Heating
  • Central
Levels
  • One
Net Operating Income
  • 32590.00
Operating Expense
  • 10670.00
Parking Total
  • 8.00
Pool
  • None
Sewer
  • Public Sewer
StoriesTotal
  • 1
Total Expenses
  • 10670.00
Uncovered Spaces
  • 4.00
Water Source
  • Public
Community Features
  • Curbs
  • Sidewalks
Tenant Pays
  • Electricity
  • Sewer
  • Water