414 W 4th Avenue Chico, CA 95926

$328,000 Active

About the Property

The Front house is now available for owner-occupied. Your buyer can live in the front house and collect rent from the back unit. Perfect for the first time buyers and parent investment. 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 a full bath. Nice backyard and tons of privacy for all tenants. Both units have tenants however, the front unit can now be occupied by the new owner. Combined gross income is $2,000 per month (7% cap on your investment). Seller has had 100% occupancy for the last 8 years that he has owned it.

Property Information

Size 1,470 SqFt
Price/SqFt $223
Lot Size 0.119 Acres
Year Built 1948
Property Type Residential Income
Listing Number SN18132328
Listed 6/4/2018
Modified 9/25/2018
Listing Agent Paul Farsai
Listing Office California Top Brokers, Inc.
Total Building 2
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 1
# Water Meters
  • 1
Carport Spaces
  • 1.00
  • Central
  • Bonus Room
  • Wood
Garage Spaces
  • 1.00
Gross Income
  • 24000.00
Gross Scheduled Income
  • 24000.00
  • One
Net Operating Income
  • 20000.00
Operating Expense
  • 4000.00
Parking Total
  • 2.00
  • None
  • Public Sewer
  • 1
Total Expenses
  • 4000.00
Water Source
  • Public
  • Central Furnace
  • Forced Air
Community Features
  • Curbs
  • Gutters
  • Storm Drains