1648 Normal Avenue Chico, CA 95928

$475,000 Active

About the Property

Great investment property! Live in one unit and rent the other 3 units to help pay your mortgage or rent them all for great income! This well maintained and updated 4 plex consists of the main 3 bedroom- 1 bath house, a 2 bedroom 1 bath unit, a 1 bedroom 1 bath unit and a studio unit. Each unit has its own PGE meter and laundry and plenty of off street parking. All 4 units are tenant occupied. Total monthly income is $3630. Owner pays water and garbage. Great opportunity! Don't miss it! The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Buyers are advised to investigate to their satisfaction.

Property Information

Size 2,200 SqFt
Price/SqFt $216
Lot Size 0.13 Acres
Year Built 1950
Property Type Residential Income
Zoning RD-1
Listing Number SN19171856
Listed 8/5/2019
Modified 8/18/2019
Listing Agent Leslie Depweg
Listing Office Bidwell Realty
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Units Leased
  • 3
# Water Meters
  • 1
Accessibility Features
  • No Interior Steps
Appliances
  • Gas Cooktop
Community Features
  • Suburban
Cooling
  • Wall/Window Unit(s)
Garage Spaces
  • 0.00
Gross Income
  • 43620.00
Gross Operating Income
  • 5624.00
Gross Scheduled Income
  • 43620.00
Heating
  • Wall Furnace
Interior
  • Laminate Counters
Levels
  • One
Net Operating Income
  • 31858.00
Operating Expense
  • 9581.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Public Sewer
StoriesTotal
  • 1
Style
  • Bungalow
Total Actual Rent
  • 3680.00
Total Expenses
  • 9581.00
Water Source
  • Public
Fireplace
  • Living Room
  • None
Flooring
  • Laminate
  • Wood
Tenant Pays
  • Cable TV
  • Electricity
Utilities
  • Natural Gas Available
  • Sewer Connected
  • Water Connected