234 Oak Street Chico, CA 95928

$725,000 Active Under Contract

About the Property

Income opportunity! Great location near shopping, schools and public transportation. Low maintenance, and tenants already in place/fully rented. Two newer (2006) 3bd / 2ba units and one older 3bd / 1 ba unit, all on one lot. Interesting property for the astute investor!

Property Information

Size 4,200 SqFt
Price/SqFt $173
Lot Size 0.19 Acres
Year Built 2006
Property Type Residential Income
Listing Number SN20230695
Listed 11/2/2020
Modified 11/15/2020
Listing Agent Tamara Lambert
Listing Office Re/Max of Chico
Total Building 3
Total Units 3

Property Features

# Electric Meters
  • 3
# Gas Meters
  • 3
# Units Leased
  • 3
# Water Meters
  • 1
Cap Rate
  • 5.90
Community Features
  • Sidewalks
Electric
  • Standard
Exterior
  • Rain Gutters
Fencing
  • Wrought Iron
Fireplace
  • None
Flooring
  • Carpet
Garage Spaces
  • 0.00
Gross Income
  • 57000.00
Gross Operating Income
  • 57000.00
Gross Scheduled Income
  • 57000.00
Heating
  • Central
Levels
  • One
Net Operating Income
  • 42471.00
Operating Expense
  • 14529.00
Parking Total
  • 6.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Total Actual Rent
  • 4750.00
Total Expenses
  • 14529.00
Uncovered Spaces
  • 6.00
Views
  • Neighborhood
Water Source
  • Public
Appliances
  • Disposal
  • Water Heater
Cooling
  • Central Air
  • Wall/Window Unit(s)
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
Utilities
  • Electricity Connected
  • Natural Gas Connected
  • Phone Available
  • Sewer Connected
  • Water Connected