1572 Warner and 1572 1/2 Street Chico, CA 95926

$379,000 Pending
  • Front house Front house
  • Front house
  • Front house
  • Front house
  • Front house
  • Front house
  • Front house
  • Front house
  • Front house
  • Front house
  • Front house
  • Front house
  • Front house
  • Front house
  • Front house
  • Front house
  • Front house
  • Front house
  • Front house
  • Front house
  • Back of main house
  • Studio in the back
  • Studio in the back
  • Back yard/alley access and parking
  • Studio in the back
  • Studio in the back
  • Studio in the back
  • Studio in the back
  • Studio in the back
  • Studio in the back
  • Studio in the back
  • Studio in the back
  • Studio in the back

About the Property

Are you a savvy investor looking to set yourself up in 2019? With low housing availability, especially around Chico State, this property with TWO HOMES on ONE lot could be the perfect opportunity to capitalize on owning a rental property before the frenzy begins! Both units are clean and well kept. Front house is a 4 bedroom, 2 bathroom with a good sized living room, separate dining room and updated kitchen. Kitchen offers stainless steel gas appliances, original white cabinets with chrome hardware and granite counter-tops with breakfast bar. Studio apartment in the back, 1572 ½ Warner, includes a full bathroom and recently remodeled kitchen with stainless electrical appliances. Rent out both units, or live in one (or your CSU student) and use the other unit for extra income! Shared yard with a manageable sized lawn, bordered planting areas and patio. Street parking in the front, with alley access and off street parking in the back. Front unit rented until end of June 2019 and back unit rented until end of May 2019. Front home currently rented for $1750 a month and detached studio rents for $650 a month. Let the positive cash flow begin! With these homes being less than a mile from campus, this is the ultimate location!

Property Information

Size 1,888 SqFt
Price/SqFt $201
Lot Size 0.2 Acres
Year Built 1925
Property Type Residential Income
Zoning R3
Listing Number SN19018294
Listed 1/25/2019
Modified 1/31/2019
Listing Agent Alisha Simpkins
Listing Office Keller Williams Realty Chico Area
Total Building 2
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Water Meters
  • 1
Exterior
  • Rain Gutters
Fencing
  • Wood
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 28800.00
Gross Scheduled Income
  • 28800.00
Levels
  • One
Net Operating Income
  • 27280.00
Operating Expense
  • 1520.00
Parking Total
  • 4.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Conventional Septic
Spa
  • None
StoriesTotal
  • 1
Total Expenses
  • 1520.00
Uncovered Spaces
  • 4.00
Water Source
  • Public
Community Features
  • Sidewalks
  • Street Lighting
Cooling
  • Central
  • Wall Window
Flooring
  • Carpet
  • Vinyl
Heating
  • Central Furnace
  • Wall Heater
Other Structures
  • Guest House Detached
  • Shed(s)
  • Two On A Lot
Interior
  • Ceiling Fan
  • Granite Counters
  • Laminate Counters
  • Open Floor Plan
  • Recessed Lighting
Appliances
  • Electric Oven
  • Electric Stove
  • Garbage Disposal
  • Gas Oven
  • Gas Stove
  • Refrigerator