1705 Spruce Avenue Chico, CA 95926

$489,000 Active

About the Property

Welcome to 1705 Spruce Avenue! This is a special home with tons of charm and character that includes a detached 1 bedroom, 1 bathroom cottage. This darling turn-of-the-century home in the Avenues is situated on a large corner lot, just a quick trip to historic downtown Chico’s restaurants and shopping, Chico State University, Bidwell Park and is just a few short blocks from the North Valley’s top regional hospital, Enloe Medical Center.The main home offers 3 bedrooms, 1 bathroom, a large living area, and a private fully fenced backyard with multiple raised garden beds. The home boasts updated dual-pane windows, central heating and air, and tankless water heater. The main home also has access to the detached 1-car garage with power and laundry hook-ups. The garage could also be a great workshop, she-shed, or additional storage space. Head over to the detached cottage and you’ll be greeted by a charming private entryway and access to its own separate, fenced yard. This cottage is simply adorable and boasts recent updates throughout, including the fully equipped kitchen and recently remodeled bathroom. The cottage also has its own postal address. Both the main home and detached guest cottage share a utility meter and the entire property is connected to the City Sewer system. Both units are fully occupied with leases into the new year, with a cap rate well above 5%. So whether this is an addition to your portfolio or a future home, you’ll have built-in income right from the start. Homes like this are few and far between so don’t miss your opportunity to call this quiet slice of Chico paradise your own.

Property Information

Size 1,380 SqFt
Price/SqFt $354
Lot Size 0.17 Acres
Year Built 1907
Property Type Residential Income
Zoning R1
Listing Number SN23190436
Listed 10/4/2023
Modified 11/13/2023
Listing Agent Alisha Simpkins
Listing Office Keller Williams Realty Chico Area
Total Building 2
Total Units 2

Property Features

# Electric Meters
  • 1
# Gas Meters
  • 1
# Units Leased
  • 2
# Water Meters
  • 1
Accessibility Features
  • None
  • Central Air
  • Rain Gutters
  • Wood
Garage Spaces
  • 0.00
Gross Scheduled Income
  • 2795.00
  • One
Other Structures
  • Shed(s)
Parking Total
  • 8.00
  • None
Price Pe rUnit
  • 244500
  • Composition
  • Public Sewer
  • None
  • 1
Total Actual Rent
  • 2795.00
Uncovered Spaces
  • 8.00
  • Neighborhood
Water Source
  • Public
Community Features
  • Biking
  • Storm Drains
  • Carpet
  • Wood
  • Living Room
  • Wood Burning
  • See Remarks
  • Central
  • Fireplace(s)
  • Wood
  • Built-in Features
  • Ceiling Fan(s)
  • Storage
  • Tile Counters
  • Cable Available
  • Electricity Connected
  • Phone Available
  • Sewer Connected
  • Water Connected
  • Dishwasher
  • Electric Oven
  • Electric Range
  • Free-Standing Range
  • Disposal
  • High Efficiency Water Heater
  • Instant Hot Water
  • Range Hood
  • Self Cleaning Oven
  • Vented Exhaust Fan
  • Warming Drawer
  • Water Heater Central
  • Water Heater