1425 W 7th Street Chico, CA 95928

$349,900 Active

About the Property

Excellent opportunity to acquire the most affordable duplex in Chico! Each unit is a 1 bed/1 bath with open living room and kitchen. There is a shared onsite laundry facility. Large fenced backyard. Low maintenance Stucco exterior and comp roof. Tenants are month to month and new owners have the ability to raise rent on day 1. Separate electrical and gas meters. Owner pays water, sewer and trash. Great investment opportunity with stabilized tenants at below market rents, allowing the opportunity to increase income by raising rents to market rate.

Property Information

Size 1,160 SqFt
Price/SqFt $302
Lot Size 0.12 Acres
Year Built 1972
Property Type Residential Income
Zoning R3
Listing Number SN24029008
Listed 2/9/2024
Modified 2/10/2024
Listing Agent Derek Sandgren
Listing Office Helm Properties
Total Building 1
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Units Leased
  • 2
# Water Meters
  • 1
Carport Spaces
  • 0.00
Community Features
  • Suburban
Cooling
  • Wall/Window Unit(s)
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 16620.00
Gross Scheduled Income
  • 16620.00
Heating
  • Wall Furnace
Levels
  • One
Net Operating Income
  • 13620.00
Operating Expense
  • 3000.00
Parking Total
  • 3.00
Pool
  • None
Price Pe rUnit
  • 174950
Roofing
  • Composition
Sewer
  • Public Sewer
StoriesTotal
  • 1
Total Actual Rent
  • 1385.00
Total Expenses
  • 3000.00
Uncovered Spaces
  • 3.00
Water Source
  • Public
Appliances
  • Gas Range
  • Refrigerator
Flooring
  • Carpet
  • Vinyl
Tenant Pays
  • Electricity
  • Gas
Construction Materials
  • Frame
  • Stucco
  • Wood Siding
Utilities
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected