1274 N Cedar Street Chico, CA 95926

$369,000 Closed

About the Property

Please Note: This property has been SOLD

Hidden gem! Two homes on one lot. This special property in West Chico is more than meets the eye! The front house is an absolutely adorable vintage home built in 1940 boasting a complete makeover from head to toe, including new ductless high-efficiency, mini-split heating & cooling system & extensive, top-quality kitchen & bath remodels, including quartz counters, new cabinetry & stainless steel appliances,& brand new dual pane windows throughout! You’ll also find hardwood floors in the dining area, a darling front porch, inside laundry & a fenced front yard. The back House, built in 2005, is a three-bed/ two-bath home w/2 car garage & its own fully fenced backyard. The kitchen & bathrooms all have new granite counters. There is low maintenance tile stone flooring in the kitchen & living areas & the rest has new carpet. The 2nd floor is where you’ll find a very private master suite which features a spacious bedroom, full bathroom & huge walk-in closet. Both dwellings have security systems and there is parking galore. Located near Enloe, CSUC & many westside amenities, this neighborhood, (close to the immaculate, newly built Cedar Flats apartments) is currently undergoing an exciting revitalization, which make it ripe for investment! This is the perfect property to live in one and rent the other & a total Cash Cow for anyone looking to own a turn-key investment property. These units have been very easy to rent - you could be making money before your first mortgage payment!

Property Information

Size 2,089 SqFt
Price/SqFt $177
Lot Size 0.19 Acres
Year Built 2005
Property Type Residential Income
Zoning R-3
Listing Number SN19206018
Listed 8/28/2019
Modified 1/23/2020
Listing Agent Jennifer Parks
Listing Office Century 21 Select Real Estate, Inc.
Total Building 2
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Units Leased
  • 0
# Water Meters
  • 2
  • Rain Gutters
  • Wood
Garage Spaces
  • 2.00
Gross Income
  • 33600.00
Gross Scheduled Income
  • 33600.00
Net Operating Income
  • 26140.00
Operating Expense
  • 7460.00
Other Structures
  • Two On A Lot
Parking Total
  • 8.00
  • None
  • Public Sewer
  • 2
Total Actual Rent
  • 2800.00
Total Expenses
  • 7460.00
Uncovered Spaces
  • 6.00
  • Neighborhood
Water Source
  • Public
Community Features
  • Sidewalks
  • Suburban
  • Central
  • High Efficiency
  • One
  • Two
  • Bungalow
  • Contemporary
  • Central Air
  • Zoned
  • High Efficiency
  • Carpet
  • Tile
  • Wood