1648 Normal Avenue Chico, CA 95928

$649,000 Pending
  • 422 and 432 W 17th 422 and 432 W 17th
  • 422 and 432 W 17th
  • Main House: 3/1
  • 422 W 17th and 432 W 17th St 442 W 17th St
  • Living room of 3BD/1BA
  • Living room of 3BD/1BA
  • Kitchen of 3 BD/1BA
  • Bedroom 1 of 3 BD/1BA
  • Bathroom of 3/1
  • 2nd BR of 3/1
  • 3rd BR of 3/1
  • Kitchen of 2 BR/1BA
  • Living Area of 2/1
  • BR of 2/1
  • 2nd BR of 2/1
  • Bathroom of 2/1
  • Back Patio's and Laudry of 422/432

About the Property

Well maintained 4-Plex in the Barber District of Chico. 3 Minute drive to Downtown and 5 minute drive to CSU Chico, makes this a desirable rental option for many tenants. This property has been professionally managed, keeping rents at market value and professionally maintaining all units. All units are currently rented with year leases and have had great rental history. Owner pays for Trash and Water. Roof is one year old.

Property Information

Size 2,200 SqFt
Price/SqFt $295
Lot Size 0.13 Acres
Year Built 1950
Property Type Residential Income
Zoning RD-1
Listing Number SN23161876
Listed 9/14/2023
Modified 9/26/2024
Listing Agent Casey Smyth
Listing Office NextHome North Valley Realty
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Units Leased
  • 4
# Water Meters
  • 1
Appliances
  • Water Heater
Cap Rate
  • 5.00
Community Features
  • Street Lights
Construction Materials
  • Vinyl Siding
Cooling
  • Wall/Window Unit(s)
Exterior
  • Rain Gutters
Fencing
  • Partial
Garage Spaces
  • 0.00
Gross Income
  • 52500.00
Gross Operating Income
  • 52500.00
Gross Scheduled Income
  • 52500.00
Heating
  • Wall Furnace
Levels
  • One
Net Operating Income
  • 33475.00
Operating Expense
  • 19025.00
Other Structures
  • Outbuilding
Pool
  • None
Price Pe rUnit
  • 162250
Roofing
  • Composition
Sewer
  • Public Sewer
StoriesTotal
  • 1
Total Actual Rent
  • 52140.00
Total Expenses
  • 11058.00
Views
  • Neighborhood
Water Source
  • Public
Fireplace
  • Living Room
  • Wood Burning
Flooring
  • Vinyl
  • Wood
Tenant Pays
  • Electricity
  • Gas