414 W 4th Avenue Chico, CA 95926

$328,643 Active

About the Property

Very nice investment property near CSUC and Enloe Hospital. This charming main house is two bedrooms, two baths with oak floors in the family room, hall, and bedrooms. There is a detached permitted guest house with full bath. Nice backyard and tons of privacy for all tenants. Both units have tenant and yearly lease contract. Combined gross income is $2,000 per month (7% cap on your investment). My seller has had 100% occupancy for the last 8 years that he has owned it. He is doing 1031 Exchange and has already identified the replacement. Escrow has been opened with Bidwell Title & Escrow #260680-bls, Becky Schroer.

Property Information

Size 1,470 SqFt
Price/SqFt $224
Lot Size 0.119 Acres
Year Built 1948
Property Type Residential Income
Zoning R1
Listing Number SN18132328
Listed 6/4/2018
Modified 6/12/2018
Listing Agent Paul Farsai
Listing Office California Top Brokers, Inc.
Total Building 2
Total Units 2

Property Features

# Electric Meters
  • 1
# Gas Meters
  • 1
# Water Meters
  • 1
Carport Spaces
  • 1.00
Community Features
  • Curbs
Cooling
  • Central
Fireplace
  • Bonus Room
Flooring
  • Wood
Garage Spaces
  • 1.00
Gross Income
  • 24000.00
Gross Scheduled Income
  • 24000.00
Levels
  • One
Net Operating Income
  • 20000.00
Operating Expense
  • 4000.00
Parking Total
  • 2.00
Pool
  • None
StoriesTotal
  • 1
Total Expenses
  • 4000.00
Water Source
  • Public
Heating
  • Central Furnace
  • Forced Air