2608 Nord Avenue Chico, CA 95973

$620,000 Closed

About the Property

Please Note: This property has been SOLD

A rare opportunity! Located right at the City limits, this unique property has 3 separate residences (2 houses and a manufactured home, all with individual addresses), a small barn/shop, and is situated on 10 acres of producing walnut trees. The original farm house, with its’ 1920’s charm and character, is a 3 bedroom, 2 bath home, with attached maids quarters, and upstairs storage room (both partially finished). This well maintained residence boasts numerous upgrades and modern amenities, including central heat and air, and a remodeled kitchen, but yet still retains its’ classic feel. The second house is a craftsman style “Chico charmer”, with 3 bedrooms, 1 bath, a private fenced yard, separate laundry/storage room, and central heat and air as well. The 3 bedroom, 2 bath, manufactured home is slightly older, (but in seemingly good shape), has its own partially fenced backyard, and private setting away from the other homes. With a strong rental history (for all three residences), and consistent production records for the walnut orchard, the subject property lends itself to being both a good investment property, or personal residence with additional cash flow.

Property Information

Size 5,435 SqFt
Price/SqFt $114
Lot Size 10 Acres
Year Built 1925
Property Type Residential Income
Zoning A5
Listing Number CH14193723
Listed 9/8/2014
Modified 4/21/2015
Listing Agent Brian Littrell
Listing Office Coldwell Banker DuFour Realty
Total Building 4
Total Units 3

Property Features

# Electric Meters
  • 3
# Gas Meters
  • 3
# Units Leased
  • 3
Community Features
  • Rural
Construction Materials
  • Frame
Garage Spaces
  • 0.00
Gross Income
  • 4254.00
Gross Scheduled Income
  • 51048.00
Heating
  • Central
Net Operating Income
  • 35500.00
Operating Expense
  • 15400.00
Other Structures
  • Barn(s)
Parking Total
  • 20.00
Pool
  • None
Roofing
  • Asphalt
Sewer
  • Conventional Septic
StoriesTotal
  • 2
Style
  • Craftsman
Views
  • Orchard
Water Source
  • Well
Cooling
  • Central Air
  • Wall/Window Unit(s)
Flooring
  • Carpet
  • Wood
Interior
  • Built-in Features
  • Storage
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
  • Repairs
  • Trash Collection

Price History

Date From To Change
4/21/2015 $656,000 $620,000 ($36,000)