1360 Palm Avenue Chico, CA 95926

$500,000 Closed

About the Property

Please Note: This property has been SOLD

Embrace the charm and practicality of this inviting triplex, nestled in the serene Avenues neighborhood. Each of the three units within this property offers a spacious layout, featuring three bedrooms and one bathroom, all designed with a consistent floor plan that maximizes both comfort and utility for its residents. Residents on the ground floor units delight in private yards, perfect for relaxation or casual outdoor gatherings, and the entire property benefits from low-maintenance landscaping, allowing for effortless enjoyment of the outdoor spaces. Comfort & convenience is further enhanced by central heat & air and on-site coin-operated laundry facilities, with ample off-street parking... A great find in such a sought-after location. Situated in a neighborhood known for its easy access to local amenities, this triplex is just a short jaunt to shops, dining, and entertainment options, making it an ideal investment for those seeking a blend of lifestyle and location. Perfect for investors or those looking for a multi-family property, this triplex offers simplicity, convenience, and the timeless appeal of the Avenues. Don’t miss out on this opportunity!

Property Information

Size 2,838 SqFt
Price/SqFt $176
Lot Size 0.18 Acres
Year Built 1984
Property Type Residential Income
Zoning R1
Listing Number SN24063659
Listed 4/3/2024
Modified 5/2/2024
Listing Agent Steve Depa
Listing Office Re/Max of Chico
Total Building 1
Total Units 3

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Units Leased
  • 3
# Water Meters
  • 1
Community Features
  • Urban
  • Central Air
  • None
Garage Spaces
  • 0.00
Gross Income
  • 3620.00
Gross Scheduled Income
  • 43440.00
  • Central
  • Two
Net Operating Income
  • 34908.00
Operating Expense
  • 8532.00
  • None
Price Pe rUnit
  • 161667
  • Conventional Septic
  • 2
Total Expenses
  • 8532.00
Water Source
  • Public