1492 E 8th Street Chico, CA 95928

$925,000 Active

About the Property

This property has a great location in Central Chico! This big lot backs up to Bidwell Park. Many Chico folks would love direct access to that 3000+ acre park, and between the house and the park, no car traffic is allowed! These 3 homes are all desirable. All 3 are move-in ready. All 3 units have had recent updates to roofs, heat and cooling, etc. The large main house is a 4/4.5 plus two big rooms on the third floor. There is no lack of space in this house. All 3 levels have big rooms. Level 1 has a large foyer open to the large living room, that flows into the dining room, over to a family room with a full wet bar, then to the large country style kitchen that has plenty of room to serve as a second dining area. There's a big covered deck just outside the back door. Level 2 has 4 large bedrooms, 2 generous baths, a laundry closet and a master deck, just outside the master suite. Level 3 used to be a separate rental. Now it has access to both indoor and outdoor staircases. Your 3rd floor may be your personal retreat, an office or maybe for Airbnb space with 2 rooms, bath, kitchen counter, with a frig, a laundry, pellet stove and a big deck, with beautiful night views of the stars over the Bidwell Park. There is a cool and efficient 1/1 home over the garage. Another cozy cottage enjoys a bedroom, bath, living-dining area and a kitchen. The house has the garage, the 2 small units have storage rooms. Proforma numbers reflect modest rents at full occupancy.

Property Information

Size 4,449 SqFt
Price/SqFt $208
Lot Size 0.34 Acres
Year Built 1991
Property Type Residential Income
Zoning R1
Listing Number SN19045820
Listed 5/8/2019
Modified 5/15/2019
Listing Agent Susie Stephens
Listing Office Chico Real Estate, Inc
Total Building 3
Total Units 3

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Units Leased
  • 2
# Water Meters
  • 2
Garage Spaces
  • 2.00
Gross Income
  • 67200.00
Gross Operating Income
  • 66528.00
Gross Scheduled Income
  • 67200.00
Levels
  • Three Or More
Net Operating Income
  • 50023.00
Operating Expense
  • 16505.00
Parking Total
  • 14.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Conventional Septic
Spa
  • None
StoriesTotal
  • 3
Style
  • Cottage
Total Actual Rent
  • 1350.00
Total Expenses
  • 16505.00
Uncovered Spaces
  • 12.00
Views
  • Park/Greenbelt
Water Source
  • Public
Exterior
  • Lighting
  • Rain Gutters
Flooring
  • Carpet
  • Tile
Community Features
  • Curbs
  • Gutters
  • Sidewalks
Tenant Pays
  • Electricity
  • Gas
  • Telephone
Accessibility Features
  • 2+ Access Exits
  • Doors - Swing In
  • Low Pile Carpeting
  • Parking
Construction Materials
  • Block
  • Drywall Walls
  • Frame
  • Lap Siding
Electric
  • 220 Volts in Kitchen
  • 220 Volts in Laundry
  • Electricity - On Property
  • Standard
Other Structures
  • Guest House
  • Guest House Detached
  • Outbuilding
  • Shed(s)
Cooling
  • Central Air
  • Zoned
  • Electric
  • ENERGY STAR Qualified Equipment
  • SEER Rated 13-15
Fencing
  • Average Condition
  • Block
  • Chain Link
  • Masonry
  • Needs Repair
Fireplace
  • Living Room
  • Pellet Stove
  • Wood Burning
  • Free Standing
  • Raised Hearth
Heating
  • Zoned
  • Electric
  • Pellet Stove
  • Wood
  • High Efficiency
  • Wood Stove
Utilities
  • Cable Available
  • Electricity Connected
  • Natural Gas Connected
  • Phone Available
  • Sewer Available
  • Water Connected
Appliances
  • Built-In Range
  • Dishwasher
  • Electric Oven
  • Electric Range
  • Electric Water Heater
  • Disposal
  • Gas Cooktop
  • Gas Water Heater
  • Instant Hot Water
  • Microwave
  • Refrigerator
  • Trash Compactor
  • Water Heater
  • Water Line to Refrigerator
Interior
  • 2 Staircases
  • In-Law Floorplan
  • Built-in Features
  • Ceiling Fan(s)
  • Ceramic Counters
  • Copper Plumbing Full
  • Living Room Deck Attached
  • Open Floorplan
  • Pantry
  • Recessed Lighting
  • Storage
  • Tile Counters
  • Unfurnished
  • Vacuum Central
  • Wet Bar