2750 White Avenue Chico, CA 95973

$500,000 Closed

About the Property

Please Note: This property has been SOLD

Prime opportunity for Investors and/or Multigenerational Family. This is a two story duplex in North Chico. Each unit has 3 bedrooms, and one and half baths. All bedrooms are upstairs with the half bath downstairs. The property is walking distance to North Valley Mall and shopping area which includes numerous fast food locations, banks, CVS Drug Store, Trader Joes, Starbucks and a movie theater. Convenient Chico transit bus stops on Lassen Ave. Built in 1980, the units have central heat and air with separate meters. Most windows have been upgraded to dual pane windows. Both units have a 2 car garage with additional off street parking for 2 cars in the driveway in front of each garage. Both units have large fenced back yards. Mature landscaping maintained by front yard drip system and backyard sprinklers. Current tenants have a long term history of 5 to 10 years. City services include: sewer, PG&E, and California Water. The property has been owned by the same family for about 40 years. Current owner occupied one of the units when it was first purchased. Upgrades have been made over time to improve the property: heating and air has been upgraded; pitched roof was add; laminate floors were added to the downstairs of each unit. Owner provides refrigerator, washer, dryer and pays for water. Owner has the heating and air conditioning units inspected in the winter and the summer; quarterly pest service; weekly yard service. The roof has been maintained by the same company that installed the roof. Roof is about 20 years old. Completed inspections and reports include: Whole House inspection, Roof inspection, Structural Pest inspection, and Natural Hazard Disclosure. Property has typical wear and tear for a building 40 years old with long term tenants. Please see pictures. Please do not disturb the tenants. At Sellers request, interior showings will be limited to buyers that can provide, proof of funds, and or pre-qualification for any required financing and an acceptable letter of intent to purchase or an acceptable purchase agreement.

Property Information

Size 2,412 SqFt
Price/SqFt $207
Lot Size 0.39 Acres
Year Built 1980
Property Type Residential Income
Zoning R2
Listing Number SN22077954
Listed 4/22/2022
Modified 10/28/2022
Listing Agent Jack VanRossum
Listing Office Jack Van Rossum
Total Building 1
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Units Leased
  • 2
Accessibility Features
  • None
  • Central Air
  • 220 Volts in Laundry
  • Rain Gutters
  • Average Condition
  • None
Garage Spaces
  • 4.00
Gross Operating Income
  • 35928.00
Gross Scheduled Income
  • 35928.00
  • Central
  • Two
Net Operating Income
  • 24928.00
Operating Expense
  • 11000.00
Parking Total
  • 8.00
  • None
Price Pe rUnit
  • 257500
  • Composition
  • Public Sewer
  • None
  • 2
  • Contemporary
Total Actual Rent
  • 2994.00
Total Expenses
  • 15530.00
Uncovered Spaces
  • 4.00
Water Source
  • Public
  • Ceiling Fan(s)
  • Formica Counters
Tenant Pays
  • Electricity
  • Gas
  • Carpet
  • Laminate
  • Vinyl
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected
  • Built-In Range
  • Dishwasher
  • Electric Oven
  • Electric Range
  • Electric Cooktop
  • Disposal