1825 Magnolia Avenue Chico, CA 95926

$615,000 Active

About the Property

Opportunity is knocking loud and clear with this unique investment property! Nestled near the heart of the avenues and close to Enloe Medical Center, this all-original 5-unit gem is a dream come true for savvy investors. With five units spread across three buildings, this property offers flexibility and charm. The large common courtyard is perfect for creating a welcoming community space where tenants can relax and enjoy the outdoors. Each unit comes equipped with its own laundry facilities, adding a layer of convenience that tenants will love. Located in a prime area, this property offers consistent rental demand and potential for growth. Whether you're looking to renovate and increase value or maintain the original charm, the possibilities are endless. Invest now and watch your portfolio thrive!

Property Information

Size 3,717 SqFt
Price/SqFt $165
Lot Size 0.21 Acres
Year Built 1960
Property Type Residential Income
Zoning R1
Listing Number SN24144907
Listed 7/16/2024
Modified 9/9/2024
Listing Agent Matt Depa
Listing Office Re/Max of Chico
Total Building 3
Total Units 5

Property Features

# Electric Meters
  • 5
# Gas Meters
  • 5
# Water Meters
  • 1
Community Features
  • Suburban
Garage Spaces
  • 0.00
Gross Income
  • 4700.00
Gross Scheduled Income
  • 56400.00
Levels
  • Two
Net Operating Income
  • 43296.00
Operating Expense
  • 13104.00
Pool
  • None
Price Pe rUnit
  • 123000
Sewer
  • Public Sewer
StoriesTotal
  • 2
Total Expenses
  • 13104.00
Water Source
  • Public
Cooling
  • Central Air
  • See Remarks
  • Wall/Window Unit(s)
Heating
  • Central
  • See Remarks
  • Wall Furnace