381 E 5th Ave #1/2 Chico, CA 95926

$545,000 Closed
  • The walkway along the connected 2 - 2 bed/ 1 bath units. The walkway along the connected 2 - 2 bed/ 1 bath units.
  • The walkway along the connected 2 - 2 bed/ 1 bath units.
  • 1 of the units front door area.
  • Pic of how the Unit signs look.

About the Property

Please Note: This property has been SOLD

An amazing opportunity to own a great triplex in the alley between Laburnum and Spruce - making this a desirable Avenues area! It has plenty of parking for tenants and some guests! No maintenance yard (lava rock was recently laid)! NEW ROOF just put on (Feb 2023) and NEW Mini Splits for each unit (less than 60 days ago)! The 2 connected units have small fenced yards and the detached unit has a good size fenced yard. All 3 units are behind a newer fence - screaming privacy! Some remodeling in the last 4 years. The detached unit is a 1 bed/1 bath (no laundry) and the other building has 2 - 2 bed/ 1 bath + laundry in-units. Professional photos coming soon! The remodeling completed: 2 Units - new floors, fixtures, hardware, kitchen cabinets, tile bathrooms, appliances. 1 unit - received carpet and laminate in kitchens. Don't miss out on this great opportunity, call us today!

Property Information

Size 1,772 SqFt
Price/SqFt $308
Lot Size 0.175 Acres
Year Built 1948
Property Type Residential Income
Listing Number SN23029579
Listed 2/21/2023
Modified 4/23/2023
Listing Agent Ashleigh DeMartile
Listing Office Century 21 Select Real Estate, Inc.
Total Building 2
Total Units 3

Property Features

# Electric Meters
  • 3
# Gas Meters
  • 3
# Units Leased
  • 3
# Water Meters
  • 1
Accessibility Features
  • Parking
Cooling
  • Ductless
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Scheduled Income
  • 40800.00
Heating
  • Ductless
Levels
  • One
Net Operating Income
  • 34929.00
Operating Expense
  • 5871.00
Pool
  • None
Price Pe rUnit
  • 180000
Roofing
  • Composition
Sewer
  • Public Sewer
StoriesTotal
  • 1
Total Actual Rent
  • 3400.00
Views
  • Neighborhood
Water Source
  • Public
Fencing
  • Chain Link
  • Wood
Flooring
  • Carpet
  • Laminate
Appliances
  • Electric Range
  • Gas Range
  • Refrigerator
Community Features
  • Biking
  • Curbs
  • Sidewalks
Tenant Pays
  • Cable TV
  • Electricity
  • Gas