1175 E 8th Street Chico, CA 95928

$560,000 Closed
  • Unit 1-3 Unit 1-3
  • Unit 1-3
  • Unit 5-6
  • Unit 3
  • Unit 4
  • Unit 1
  • Unit 1
  • Unit 1
  • Unit 1
  • Unit 1
  • Unit 3
  • Unit 3
  • Unit 3
  • Unit 3
  • Unit 5
  • Unit 5
  • Unit 5
  • Unit 5
  • Unit 5

About the Property

Please Note: This property has been SOLD

Great rental history with this centrally located multi unit complex, just a short walk or bike ride from downtown and lower Bidwell park. The property consists of two structures with a total of Five (5) units. The front house has units one through three(3); which consists of one 2 bedroom, 1 bath and two 1 bedroom, 1 bath units. The back house, consists of two(2) units; both units are 1 bedroom and 1 bath. The owners put a new roof on the front house in 2019 and put down a fresh layer of rock to enhance the driveway to the back units and the parking for the front house tenants. This is a great opportunity to own a low vacancy complex with a happy tenant base.

Property Information

Size 3,469 SqFt
Price/SqFt $161
Lot Size 0.26 Acres
Year Built 1947
Property Type Residential Income
Zoning AR
Listing Number SN22025329
Listed 2/8/2022
Modified 4/20/2022
Listing Agent John Barroso
Listing Office Parkway Real Estate Co.
Total Building 2
Total Units 5

Property Features

# Electric Meters
  • 5
# Gas Meters
  • 5
# Units Leased
  • 5
# Water Meters
  • 1
Cooling
  • Wall/Window Unit(s)
Flooring
  • Carpet
Garage Spaces
  • 0.00
Gross Income
  • 46200.00
Gross Scheduled Income
  • 46200.00
Heating
  • Wall Furnace
Interior
  • Ceiling Fan(s)
Levels
  • Multi/Split
Net Operating Income
  • 27085.00
Operating Expense
  • 19115.00
Pool
  • None
Price Pe rUnit
  • 115800
Roofing
  • Composition
Sewer
  • Conventional Septic
Spa
  • None
Total Actual Rent
  • 3850.00
Total Expenses
  • 19115.00
Utilities
  • Sewer Available
Views
  • Neighborhood
Water Source
  • Public
Appliances
  • Electric Oven
  • Electric Range
  • Refrigerator
Community Features
  • Curbs
  • Sidewalks
  • Street Lights
Tenant Pays
  • Cable TV
  • Electricity
  • Telephone