Amazing opportunity! 429 W 4th St is a two story fraternity house and a separate studio. The historic 1907 home includes unit A and unit B. Unit A has 4 bedrooms and 2 bathrooms: three bedrooms and a bathroom upstairs and one bedroom and a bathroom downstairs. Downstairs there is also a living room, dining room, kitchen and large storage closet as well. Unit B is in the basement of the home and has three bedrooms and a bathroom. There is also a kitchen, and living area as well. Members of a reputable "dry" fraternity have been renting units A & B every year for over 10 years. Members of the fraternity pay rents to the fraternity and the fraternity pays the owner on time every time. Also on the property is a detached studio that rents consistently to other tenants, usually college students. This well maintained property is in a prime location: 2 blocks from Chico State University, 2 blocks from Downtown Chico, restaurants, shops, bars, farmers market, and Bidwell Park. The vacancy rate is 0% for units A,B & C. This property has been well maintained over the 20+ years that the current owners have owned it. There are 9 off street parking spaces, which are coveted in that area of town. Low-maintenance grounds make the property easy to care for and keep costs low. Tenants appreciate the on-site laundry which is located in a room on the back porch of unit A. Three electric meters and three gas meters make it easy for billing, and tenants pay their own utilities.
|Lot Size||0.19 Acres|
|Property Type||Residential Income|
|Listing Agent||Emmett Jacobi|
|Listing Office||Century 21 Select Real Estate, Inc.|
Listed by Emmett Jacobi of Century 21 Select Real Estate, Inc.. Listing data last updated 3/23/2023 at 10:29 AM PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of 1/16/2023 2:37 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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