1531 Laurel Street Chico, CA 95928

$650,000 Closed

About the Property

Please Note: This property has been SOLD

This is an exceptional chance to own a fourplex consisting of four large 3 bedroom units making 9.22% annual rent to capital and fully net income positive. Comprising a single family home and a triplex built in 1984, this investment is fully rented with the ability to raise rents further in November. With the lack of inventory in Chico, this is an excellent chance to buy into this booming rental market. Full top to bottom remodels have been done on 3/4 units and the last one has been updated with new flooring, paint, etc. The owner has made extensive repairs and improvements to make all units easy to rent. There is no owner PG&E

Property Information

Size 4,269 SqFt
Price/SqFt $152
Lot Size 0.2 Acres
Year Built 1984
Property Type Residential Income
Zoning R-2
Listing Number SN19132826
Listed 6/6/2019
Modified 7/31/2019
Listing Agent Constance Carter
Listing Office Catalyst Real Estate Professionals
Total Building 2
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Units Leased
  • 4
# Water Meters
  • 2
Community Features
  • Street Lights
  • Wall/Window Unit(s)
  • Laminate
Garage Spaces
  • 0.00
Gross Scheduled Income
  • 59076.00
Net Operating Income
  • 43798.00
Operating Expense
  • 15278.00
  • None
  • Public Sewer
Total Expenses
  • 15278.00
Water Source
  • Public