185 E 2nd Avenue Chico, CA 95926

$830,000 Closed

About the Property

Please Note: This property has been SOLD

This exceptional 3-unit investment property is in immaculate condition, offering a unique and private haven for each home. All three units feature private access to their own storage garage, two parking spots, indoor laundry and private patios. Unit #1 welcomes you with an inviting large front patio and features stunning high beamed wood ceilings in the open living and dining areas. The kitchen seamlessly connects to the living spaces, complemented by a charming dining nook. The spacious bedroom and bathroom with not disappoint. Unit #2 offers an elegant ambiance with soaring ceilings and abundant natural light, featuring three bedrooms and two bathrooms. An enclosed fireplace adds sophistication to the spacious living room, with a well-thought-out layout that includes a dining area, kitchen, pantry, and laundry. Upstairs, three generous bedrooms provide privacy, versatility and comfort. Unit #3 impresses with a gracious foyer entry and an inviting living room with an enclosed fireplace and ample natural light. The kitchen, dining bar, and cozy dining nook create a charming dining area. This unit offers the luxury of a bedroom and bathroom on both the upper and lower levels and an adorable office or workout space with French-style glass doors enhances the layout. This 3-plex is not only about exceptional residences; it also enjoys a prime location near Downtown Chico, schools, the University, and Enloe Hospital. The location and remarkable 11-year vacancy-free history make this property an outstanding investment opportunity.

Property Information

Size 3,399 SqFt
Price/SqFt $244
Lot Size 0.17 Acres
Year Built 2001
Property Type Residential Income
Zoning RP
Listing Number SN23208756
Listed 11/14/2023
Modified 1/21/2024
Listing Agent John Barroso
Listing Office Parkway Real Estate Co.
Total Building 2
Total Units 3

Property Features

# Electric Meters
  • 3
# Gas Meters
  • 3
# Units Leased
  • 3
# Water Meters
  • 1
  • Central Air
Garage Spaces
  • 3.00
Gross Income
  • 52200.00
Gross Scheduled Income
  • 52200.00
  • Ceiling Fan(s)
  • Two
Net Operating Income
  • 37739.00
Operating Expense
  • 14461.00
Parking Total
  • 6.00
  • None
Price Pe rUnit
  • 283333
  • Asphalt
  • Public Sewer
  • None
  • 2
Total Actual Rent
  • 4350.00
Total Expenses
  • 7961.00
Uncovered Spaces
  • 3.00
  • Neighborhood
Water Source
  • Public
  • Dishwasher
  • Disposal
  • Living Room
  • Gas
  • Carpet
  • Laminate
Community Features
  • Curbs
  • Sidewalks
  • Street Lights
  • Fireplace(s)
  • Forced Air
  • Natural Gas