1574 East Avenue Chico, CA 95926

$898,000 Pending

About the Property

Original owner/builder has had enough of being a landlady and has decided to sell multi unit rental property. One single family residence (3bd 1.5 bath) AND 3 DUPLEXES PLUS a 5th building formerly used as a nursery office with bathroom. All buildings need major repairs/updating--sweat equity potential on 1.37 ACRES of prime East Ave frontage DEVELOPERS DREAM with potential for many more units. Excellent location across from newly expanded Marigold Elementary and Plesant Valley highschool. Very close to the entrance to Upper Bidwell park, riding trails, golf courses, shopping, schools and playgrounds. 2 other adjoining parcels with prime development potential and several legal access points may also be available for purchase. Buyers to verify all permits and details to their satisfaction. Square footage approximate from tax records. On well and septic systems city water and sewer available on street. Nice variety of mature shade trees and extensive custom rock work--stone walls, benches and an outdoor pizza oven. Feral chickens an added bonus.

Property Information

Size 4,952 SqFt
Price/SqFt $181
Lot Size 1.37 Acres
Year Built 1970
Property Type Residential Income
Zoning RP
Listing Number SN19045051
Listed 3/3/2019
Modified 4/5/2020
Listing Agent Tierra Hodge
Listing Office People's Choice Brokers
Total Building 5
Total Units 7

Property Features

# Electric Meters
  • 6
# Gas Meters
  • 6
# Water Meters
  • 1
Garage Spaces
  • 2.00
Gross Income
  • 16930.00
Gross Operating Income
  • 16930.00
Gross Scheduled Income
  • 33860.00
Net Operating Income
  • 7309.00
Operating Expense
  • 9621.00
Parking Total
  • 2.00
  • None
  • Conventional Septic
Total Expenses
  • 9621.00
Water Source
  • Well
Community Features
  • Curbs
  • Gutters
  • Sidewalks
  • Street Lights
  • Suburban