377 E 7th Avenue E Chico, CA 95926

$550,000 Active Under Contract
  • Front view of 4 plex. Front view of 4 plex.
  • Front view of 4 plex.
  • Rear view of 4 plex with open backyard area.
  • 4 gas meters
  • covered carport with storage for each unit.
  • Alley access to the carports and storage units.
  • View of kitchen with dining in the kitchen area.
  • View of the kitchen with laminate counter tops, electric stove and oven, refrigerator and plenty of cabinets.
  • Exterior door from bedroom going out to the backyard.
  • 2 Closets in bedroom with above storage. located on right and left side of each other.
  • Tub and shower.

About the Property

4 plex located in the charming avenues. Close to shopping, schools, hospital, downtown. The roof and exterior paint approximately 2 years old. There is a detached carport and storage units. Alley access to the carports. Nice size spacious backyard for the units. Owner states no vacancies for 20 years and easy to rent mostly by tenant referrals. The interior pictures are of unit 383 before tenant moves in on 9-1-2020. Don't miss this great location and great opportunity to own an income property in the avenues. Each unit has their own address, 377, 379, 381 and 383. The sq. ft. for each unit is 528 sq. ft. for a total of 2112 sq. ft. per assessor's records.

Property Information

Size 2,112 SqFt
Price/SqFt $260
Lot Size 0.21 Acres
Year Built 1963
Property Type Residential Income
Zoning R1
Listing Number SN20175395
Listed 8/24/2020
Modified 9/25/2020
Listing Agent Sandy Stoner
Listing Office Century 21 Select Real Estate, Inc.
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Units Leased
  • 4
# Water Meters
  • 4
Carport Spaces
  • 4.00
Community Features
  • Gutters
Exterior
  • Rain Gutters
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 34908.00
Gross Operating Income
  • 34908.00
Gross Scheduled Income
  • 34908.00
Interior
  • Formica Counters
Levels
  • One
Net Operating Income
  • 21342.00
Operating Expense
  • 13566.00
Other Structures
  • Storage
Parking Total
  • 8.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Conventional Septic
Spa
  • None
StoriesTotal
  • 1
Style
  • Traditional
Total Actual Rent
  • 2909.00
Total Expenses
  • 13566.00
Uncovered Spaces
  • 4.00
Views
  • Neighborhood
Water Source
  • Public
Construction Materials
  • Stucco
  • Wood Siding
Cooling
  • Wall/Window Unit(s)
  • Electric
Heating
  • Wall Furnace
  • Natural Gas
Tenant Pays
  • Electricity
  • Gas
Flooring
  • Carpet
  • Laminate
  • Tile
Utilities
  • Electricity Connected
  • Natural Gas Connected
  • Water Connected
Appliances
  • Electric Oven
  • Electric Cooktop
  • Gas Water Heater
  • Refrigerator
  • Water Heater