441 W 4th Street Chico, CA 95928

$575,000 Closed

About the Property

Please Note: This property has been SOLD

This classic 1914 built 10 bedroom 5 bathroom home has unique charm and character. This property has been used as a fraternity house and is currently leased for $5200 expiring 6/2014. Buyer will have option to sign new leases with existing tenants. House has approx. 7 off street parking spots, a fenced backyard and dual kitchens. Property can accommodate up to 15 tenants comfortably (2 singles, 2 doubles, 3 triples) and has been leased for up to $7000 in past years. See included package and financials.

Property Information

Size 3,710 SqFt
Price/SqFt $155
Lot Size 0.2 Acres
Year Built 1914
Property Type Residential Income
Listing Number CH13229481
Listed 11/12/2013
Modified 2/3/2014
Listing Agent Ryan Vaught
Listing Office Ryno Company
Total Building 1
Total Units 1

Property Features

# Electric Meters
  • 1
# Gas Meters
  • 1
# Units Leased
  • 1
# Water Meters
  • 1
Cap Rate
  • 6.23
Community Features
  • Street Lights
Garage Spaces
  • 2.00
Gross Income
  • 5200.00
Gross Scheduled Income
  • 62400.00
Levels
  • Two
Net Operating Income
  • 37072.00
Operating Expense
  • 22208.00
Parking Total
  • 10.00
Pool
  • None
Total Actual Rent
  • 5200.00
Utilities
  • Sewer Connected
Water Source
  • Public
Tenant Pays
  • Cable TV
  • Electricity
  • Janitorial Service
  • Water

Price History

Date From To Change
2/3/2014 $595,000 $575,000 ($20,000)