1443 W 7th Street Chico, CA 95928

$395,000 Closed

About the Property

Please Note: This property has been SOLD

Lovely six unit investment property or live in one unit and rent out the others. The property consists of 4 1-bedroom units and 2 studios between 4 structures with a tremendous rental history. There is also a centrally located structure that used to be showers and a toilet. In need of some repairs this is an "As-Is" sale, inspections are on file. Proforma cap rate is 8.57% and is currently producing income. Property has mature landscaping, 7 electrical meters, and is on city water. Perfect college rental with many students still looking for housing for the 2019-2020 school year.

Property Information

Size 2,234 SqFt
Price/SqFt $177
Lot Size 0.16 Acres
Year Built 1940
Property Type Residential Income
Zoning R2
Listing Number SN19198728
Listed 8/19/2019
Modified 9/11/2019
Listing Agent Candace Andel
Listing Office Century 21 Select Real Estate, Inc.
Total Building 4
Total Units 6

Property Features

# Electric Meters
  • 7
# Gas Meters
  • 6
# Units Leased
  • 3
# Water Meters
  • 1
Cap Rate
  • 8.57
Community Features
  • Urban
Garage Spaces
  • 0.00
Gross Income
  • 45360.00
Gross Scheduled Income
  • 45360.00
Heating
  • Wall Furnace
Levels
  • One
Net Operating Income
  • 27632.00
Operating Expense
  • 17728.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Conventional Septic
StoriesTotal
  • 1
Total Expenses
  • 17728.00
Water Source
  • Public
Cooling
  • Wall/Window Unit(s)
  • Electric
Flooring
  • Carpet
  • Laminate
Appliances
  • Freezer
  • Gas Range
  • Refrigerator
Utilities
  • Electricity Connected
  • Sewer Available
  • Water Connected