127 W 9th Avenue Chico, CA 95926

$400,000 Closed

About the Property

Please Note: This property has been SOLD

What the world needs now - entry level housing. This is it with a return that makes a social benefit a good investment. This simple fourplex is ideal for a high demand tenant segment so vacancy is not an issue. The one story, straight forward, no frills building and site keeps operating expenses to a minimum. The location is near the iconic Esplanade, bus transportation, newer luxury apartments and upscale development - a location home run for real estate. Each of the four units have oak hardwood floors, living room, kitchen and bedroom with bathroom.

Property Information

Size 1,760 SqFt
Price/SqFt $227
Lot Size 0.14 Acres
Year Built 1951
Property Type Residential Income
Zoning R1
Listing Number SN18170924
Listed 7/16/2018
Modified 1/14/2019
Listing Agent Ken Dickson
Listing Office Keller Williams Realty Chico Area
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Units Leased
  • 4
# Water Meters
  • 1
Community Features
  • Suburban
Garage Spaces
  • 0.00
Gross Income
  • 36000.00
Gross Scheduled Income
  • 36000.00
Levels
  • One
Net Operating Income
  • 26000.00
Operating Expense
  • 9000.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Septic Type Unknown
StoriesTotal
  • 1
Total Actual Rent
  • 3075.00
Total Expenses
  • 9000.00
Water Source
  • Public
Tenant Pays
  • Cable TV
  • Electricity
  • Gas