183 Rio Lindo Ave Chico, CA 95928

$425,000 Active

About the Property

A great investment opportunity! You can live in one and rent the other or rent them both and make great cashflow! This cute Chico charmer features two homes on one large lot. The front house features 2 beds/ 1 bath, 2 car garage, fully fenced back yard, and inside laundry. The front house is currently vacant and rented last month for $1235, but is ready to be raised to $1300. The back house features 2bed/ 1 bath, a large studio in the back with a wrap around deck that would be perfect for a home office, fully fenced front/side/ back yards, and onsite laundry. The back house is currently rented for $1250.

Property Information

Size 1,614 SqFt
Price/SqFt $263
Lot Size 0.25 Acres
Year Built 1952
Property Type Residential Income
Listing Number SN20232604
Listed 11/4/2020
Modified 11/4/2020
Listing Agent Jordan Kelly
Listing Office Keller Williams Realty Chico Area
Total Building 5
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Units Leased
  • 1
# Water Meters
  • 1
Fireplace
  • Gas
Flooring
  • Carpet
Garage Spaces
  • 2.00
Gross Scheduled Income
  • 30600.00
Interior
  • Built-in Features
Levels
  • One
Net Operating Income
  • 23950.00
Operating Expense
  • 6650.00
Parking Total
  • 2.00
Pool
  • None
Sewer
  • Public Sewer
Total Expenses
  • 6650.00
Water Source
  • Public
Community Features
  • Biking
  • Park
Cooling
  • Central Air
  • Wall/Window Unit(s)
Heating
  • Central
  • Wall Furnace
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
Appliances
  • Dishwasher
  • Disposal
  • Gas Range
  • Water Heater
Utilities
  • Cable Connected
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected