1460 Fetter Street Chico, CA 95928

$385,000 Active

About the Property

Great investment opportunity! Fully rented, tri-plex with 2 bedroom 1 bath units! Each unit has wall air, wall heat and it's own backyard. Front community yard is lush green lawn, fully fenced. Storage room on back side that could be made into a laundry room for more income potential. Asphalted parking lot. Water, garbage, landscaping and pest paid by owner. Rents are a little low, so room to have a little more earning potential.

Property Information

Size 2,160 SqFt
Price/SqFt $178
Lot Size 0.26 Acres
Year Built 1980
Property Type Residential Income
Zoning AR
Listing Number SN20070336
Listed 4/7/2020
Modified 4/8/2020
Listing Agent RaeAnn Titus
Listing Office Titus Properties
Total Building 1
Total Units 3

Property Features

# Electric Meters
  • 3
# Gas Meters
  • 3
# Units Leased
  • 3
# Water Meters
  • 1
Accessibility Features
  • No Interior Steps
Cap Rate
  • 5.00
Community Features
  • Park
Construction Materials
  • Stucco
Cooling
  • Wall/Window Unit(s)
Electric
  • 220 Volts in Kitchen
Fencing
  • Wood
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 27600.00
Gross Scheduled Income
  • 27600.00
Heating
  • Wall Furnace
Interior
  • Unfurnished
Levels
  • One
Net Operating Income
  • 19752.00
Operating Expense
  • 7848.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Conventional Septic
Spa
  • None
StoriesTotal
  • 1
Style
  • Contemporary
Total Actual Rent
  • 2300.00
Total Expenses
  • 7848.00
Views
  • Neighborhood
Water Source
  • Public
Appliances
  • Electric Range
  • Water Heater
Flooring
  • Carpet
  • Vinyl
Tenant Pays
  • Cable TV
  • Electricity
  • Telephone
Utilities
  • Cable Connected
  • Electricity Connected
  • Natural Gas Connected
  • See Remarks
  • Sewer Available
  • Water Connected