432 W Sacramento Avenue Chico, CA 95926

$589,000 Closed

About the Property

Please Note: This property has been SOLD

Great Income Property! Located across the street from the Chico High fields only one block from CSU Chico and a few blocks from Enloe Hospital. Easy to rent. Main house 3/2 and duplex in rear 2 x 4/2 with patios and balconies and fireplace. New roof and exterior paint 2016, some newer tub/shower enclosures. 5 parking spaces in rear off alley and 2 spaces to side of home. Current rents are $1150 (lease expires June 2016), $1400 lease (expires May 2016), $1400 ( lease expires July 2016). New leases in progress (@ $1400, $1600, $1600). Gross scheduled rent is calculated off anticipated 2016-2017 rents.

Property Information

Size 4,241 SqFt
Price/SqFt $139
Lot Size 0.2 Acres
Year Built 1985
Property Type Residential Income
Listing Number CH16080834
Listed 4/18/2016
Modified 6/13/2016
Listing Agent Mary McGowan
Listing Office Coldwell Banker DuFour Realty
Total Building 2
Total Units 3

Property Features

# Electric Meters
  • 3
# Gas Meters
  • 3
# Water Meters
  • 2
Cap Rate
  • 6.50
Community Features
  • Curbs
Electric
  • Electricity - On Property
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 3950.00
Gross Scheduled Income
  • 55200.00
Net Operating Income
  • 38708.00
Operating Expense
  • 16492.00
Parking Total
  • 7.00
Pool
  • None
Spa
  • None
Water Source
  • Public
Cooling
  • Central Air
  • See Remarks
Heating
  • Central
  • Forced Air
Appliances
  • Electric Oven
  • Disposal
  • Gas Water Heater
Utilities
  • Natural Gas Available
  • Sewer Connected
  • Phone Connected
  • Water Connected