Chico is in high demand for rentals. A solid cap rate of 4%, with a real upside - as the rents should total $3,200 per mo. as per local property manager. This duplex is upscale, with open concept living areas, big kitchens with lots of storage and counter space, granite counters throughout, your own stack laundry, private and fenced little yards and private garages. All appliances stay. You do not need to hold back money - to fix up these units. This duplex is move-in ready, having been nicely maintained and being just 9 years old. All systems are go for the plumbing, electrical, roofing, heat and air, solar panels and landscaping. These do not feel like rentals. The lower unit feels like a one story home. The upper unit has a spacious, ground level entry hall, with a big storage closet and garage access with a nice interior stairway to the upper living space. Good location is near regional shopping center, freeway access, popular Bidwell Park and Marsh Jr High. Leased Tesla solar for both units, makes electricity very affordable. You buy your electric from Tesla, for less than cost of PGE - no other fee. Both units are now rented, one tenant has been there for 9 years. Leases could be up June 14th and July 22nd. Rents could go up. These beautiful homes with low maintenance inside and out, are for sale at under $205 per sq. ft. Where can you find a fully loaded, 2010 built home, in Chico, for that price? This is private property! NO HOA!
|Lot Size||0.13 Acres|
|Property Type||Residential Income|
|Listing Agent||Susie Stephens|
|Listing Office||Chico Real Estate, Inc|
Listed by Susie Stephens of Chico Real Estate, Inc. Listing data last updated 4/25/2019 at 3:23 AM PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/24/2019 3:17 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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