1529 Oleander Avenue Chico, CA 95926

$605,000 Closed

About the Property

Please Note: This property has been SOLD

CHARMING WELL-MAINTAINED INVESTMENT PROPERTY!! Opportunity is knocking with this lovely Victorian-style triplex next to Enloe and CSU Chico. This picturesque home has 3 separate units including a 3 bedroom/1 bath on the ground level and 2 remodeled 1 bedroom/1 bathroom apartments upstairs. All units have been exceptionally maintained with dual pane windows throughout, central heating and cooling and much of the plumbing has been updated. All units have their own meters, are separated by their own private entrances and have access to a common laundry room with washer and dryer. Both upstairs 1 bed/1 bath apartments have been beautifully remodeled with quality flooring and completely renovated kitchens and bathrooms. The charming 3 bed/1 bath apartment on the ground floor has original hardwood floors in excellent condition, a large living room as well as a second living area with gorgeous built-in cabinets. An added bonus is that each bedroom downstairs has their own private entrance. Situated on a large lot with an inviting sprawling front porch there is also a huge backyard with raised beds, several pergolas and newer siding on the back of the house. The owner has maintained this property with care and has had really amazing tenants who have done the same! Don't miss this great opportunity to own a charming income producing property in an unbeatable location in the Avenues!

Property Information

Size 2,200 SqFt
Price/SqFt $275
Lot Size 0.2 Acres
Year Built 1906
Property Type Residential Income
Zoning RP
Listing Number SN23137321
Listed 7/26/2023
Modified 9/5/2023
Listing Agent Jayme Foster
Listing Office Becky Prater Real Estate
Total Building 1
Total Units 3

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Units Leased
  • 3
# Water Meters
  • 1
Accessibility Features
  • 2+ Access Exits
  • Central Air
  • None
Garage Spaces
  • 0.00
Gross Income
  • 600.00
Gross Scheduled Income
  • 33660.00
  • Central
  • Two
Net Operating Income
  • 28523.00
Operating Expense
  • 5137.00
Other Structures
  • Shed(s)
Parking Total
  • 2.00
  • None
Price Pe rUnit
  • 191667
  • Composition
  • Public Sewer
  • None
  • 2
  • Victorian
Total Expenses
  • 6925.00
Uncovered Spaces
  • 2.00
  • Neighborhood
Water Source
  • Public
Tenant Pays
  • Electricity
  • Water
Community Features
  • Sidewalks
  • Storm Drains
  • Street Lights
  • Ceiling Fan(s)
  • High Ceilings
  • Tile Counters
  • Electric Oven
  • Electric Range
  • Disposal
  • Gas & Electric Range
  • Gas Oven
  • Gas Range
  • Refrigerator