256 E 1st Avenue Chico, CA 95926

$525,000 Active

About the Property

This historical Victorian home is located in the heart of Chico and a stones throw away from Chico State, Enloe and Downtown Chico. Make this beautiful home your own or use as an investment property. Rent out a few rooms here or there to cover your mortgage all while having PLENTY of room for your private space. It has been used for both! As a former bed and breakfast, this well-crafted 8 bedroom, 3.5 bath home is now fully leased bringing in an annual gross income of $54,600. This 2900+sq. ft. home still retains the charm and character it was built with. From the front porch overlooking the neighborhood, to it's beautiful double-entry doors, up it's grand wooden staircase to it's rooms with double-hung windows, tall ceilings and transom windows, this home is sure to delight. The updated HVAC units are zoned for upstairs and downstairs and operate very efficiently with The Nest thermostat, keeping the electric bills between $130-$310, even in the hot summer months! There is a HUGE basement that can be used for all the additional storage you may need. The backyard and side yard are fully fenced and they offer plenty of room for outdoor fun and gardening. Possibilities are endless!

Property Information

Size 2,994 SqFt
Price/SqFt $175
Lot Size 0.19 Acres
Year Built 1949
Property Type Residential Income
Zoning RP
Listing Number SN19003552
Listed 1/10/2019
Modified 1/19/2019
Listing Agent Kelli Smyth
Listing Office NextHome North Valley Realty
Total Building 1
Total Units 1

Property Features

# Electric Meters
  • 1
# Gas Meters
  • 1
# Water Meters
  • 1
Cooling
  • Central
Electric
  • 220V In Laundry
Fireplace
  • Family Room
Flooring
  • Wood
Garage Spaces
  • 0.00
Gross Income
  • 54600.00
Gross Scheduled Income
  • 54600.00
Heating
  • Central Furnace
Levels
  • Two
Net Operating Income
  • 49100.00
Operating Expense
  • 5500.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Public Sewer
Style
  • Victorian
Total Expenses
  • 11816.00
Views
  • Neighborhood
Water Source
  • Public
Community Features
  • Curbs
  • Sidewalks
Fencing
  • Chain Link
  • New Condition
Tenant Pays
  • Cable TV
  • Electricity
Utilities
  • Cable Available
  • Sewer Connected
  • Water Connected
Appliances
  • Gas Oven
  • Gas Stove
  • Microwave
  • Refrigerator
Interior
  • Built-Ins
  • High Ceilings (9 Feet+)
  • Partially Furnished
  • Wainscoting