131 W 3rd Avenue Chico, CA 95926

$665,000 Closed

About the Property

Please Note: This property has been SOLD

This DOWNTOWN CHICO property offers a very unique opportunity for you to own your own house and receive rental income from the addition units on the property. This property consists of a nice 2 bedroom, 2 bathroom, DETATCHED HOUSE. This home offers both a front and back yard area. On the main level you will discover the front door as well as the garage entrance. On this level there is spacious bedroom with a full bathroom area. This room comes with a sliding glass door that will lead you out to the back yard. The back yard is completely fenced and could provide you and your family a great play space for your "little ones". Or maybe, you have 1 or 2 of "man's best friend"! After entering the home, you will walk up a short flight of stair and find the living room area, dining room, the kitchen and another bedroom and full bathroom. The living room has a sliding glass door that leads you out to a private balcony. You can live in th house and receive the income from the additional units. This is a great opportunity for you to own not only a home but 3 rental units in this desirable Chico location. This property is located just 3 blocks from Chico State University and the downtown area. This property is also just 3 blocks from Enloe Hospital. This location offers the opportunity to attract a variety of potential tenants. There is a 2 bedroom, 1 bath unit with a 1 car attached garage. This unit can also be a 3 bedroom, 2 bath unit if needed. There is a 1 bedroom 1 bath unit with an attached 1 car garage. There are (2) 1 bedroom, 1 bath basement units that have been recently updated.

Property Information

Size 4,399 SqFt
Price/SqFt $151
Lot Size 0.14 Acres
Year Built 1963
Property Type Residential Income
Zoning R3
Listing Number SN23212062
Listed 11/14/2023
Modified 1/27/2024
Listing Agent Glenn Fry
Listing Office Glenn Fry Real Estate
Total Building 2
Total Units 4

Property Features

# Electric Meters
  • 3
# Gas Meters
  • 3
# Water Meters
  • 3
Construction Materials
  • Drywall Walls
Cooling
  • Wall/Window Unit(s)
Garage Spaces
  • 4.00
Gross Income
  • 72000.00
Gross Scheduled Income
  • 72000.00
Interior
  • Ceiling Fan(s)
Levels
  • Two
Net Operating Income
  • 63000.00
Operating Expense
  • 9000.00
Other Structures
  • Second Garage Attached
Parking Total
  • 8.00
Pool
  • None
Price Pe rUnit
  • 162500
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Total Expenses
  • 9000.00
Uncovered Spaces
  • 4.00
Views
  • Neighborhood
Water Source
  • Public
Appliances
  • Dishwasher
  • Refrigerator
Fencing
  • Fair Condition
  • Wood
Fireplace
  • Living Room
  • Wood Burning
Heating
  • Central
  • Wall Furnace
Style
  • Bungalow
  • Craftsman
Tenant Pays
  • Electricity
  • Gas
Flooring
  • Carpet
  • Laminate
  • Tile
Utilities
  • Cable Connected
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected
Community Features
  • Biking
  • Curbs
  • Dog Park
  • Fishing
  • Foothills
  • Golf
  • Hiking
  • Lake
  • Horse Trails
  • Park
  • Mountainous
  • Sidewalks
  • Street Lights