220 W 1st Avenue Chico, CA 95926

$695,000 Closed

About the Property

Please Note: This property has been SOLD

Well maintained and clean 6 unit building with plenty of upside in rents. Great location, near CSU Chico, downtown and Chico High School. 4 1/1 Units averaging $650/month and 2 2/1 Units averaging $840/month. Tenants also pay a water fee. Other similar 1 bedroom units in this area are leased for as much as $895/mo. Units share a coin laundry room that generates additional income each month, and one garage is available to a unit.

Property Information

Size 4,266 SqFt
Price/SqFt $163
Lot Size 0.16 Acres
Year Built 1957
Property Type Residential Income
Zoning R3
Listing Number SN18042995
Listed 2/23/2018
Modified 4/6/2018
Listing Agent Ryan Vaught
Listing Office Ryno Company
Total Building 1
Total Units 6

Property Features

# Electric Meters
  • 6
# Gas Meters
  • 6
# Units Leased
  • 6
# Water Meters
  • 1
Community Features
  • Urban
Garage Spaces
  • 1.00
Gross Income
  • 4400.00
Gross Scheduled Income
  • 52812.00
Net Operating Income
  • 29976.00
Operating Expense
  • 21251.00
Parking Total
  • 1.00
Pool
  • None
Total Actual Rent
  • 4400.00
Total Expenses
  • 21251.00
Water Source
  • Public
Tenant Pays
  • Cable TV
  • Electricity
  • Telephone