454 E 8th Street Chico, CA 95928

$715,000 Active Under Contract

About the Property

This Historic 4-Plex near Downtown Chico is available for sale! With high ceiling and large updated windows providing abundant natural light and wood floors in much of the building these charming details make this a special property. Current rents are strong, with potential for additional income by converting the upstairs storage area in to a rentable unit, making the income potential higher than existing. Each unit has a spacious layout, with 3 one-bedroom units and 1 two bedroom unit, they have updated kitchen and baths in most units. Recent improvements have been roof replaced where needed, termite clearance and most of the home inspection items have been dealt with1 This prime location offers tenants easy access to shops, restaurants, transit and entertainment. This property is prefect for generating steady rental income while owning a piece of Chico's history!

Property Information

Size 3,085 SqFt
Price/SqFt $232
Lot Size 0.17 Acres
Year Built 1920
Property Type Residential Income
Zoning OR
Listing Number SN24238414
Listed 11/21/2024
Modified 12/3/2024
Listing Agent Becky Prater
Listing Office Platinum Partners Real Estate
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 5
# Gas Meters
  • 5
# Units Leased
  • 3
# Water Meters
  • 1
Appliances
  • Gas Range
Cooling
  • Wall/Window Unit(s)
Electric
  • Electricity - On Property
Exterior
  • Rain Gutters
Fencing
  • Average Condition
Garage Spaces
  • 0.00
Gross Scheduled Income
  • 55656.00
Interior
  • Ceiling Fan(s)
Levels
  • Two
Net Operating Income
  • 46532.00
Operating Expense
  • 9124.00
Pool
  • None
Price Pe rUnit
  • 178750
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Style
  • Traditional
Total Actual Rent
  • 2438.00
Total Expenses
  • 9124.00
Water Source
  • Public
Fireplace
  • None
  • Dining Room
Flooring
  • Laminate
  • Wood
Tenant Pays
  • Electricity
  • Gas
Utilities
  • Cable Available
  • Electricity Connected
Heating
  • Floor Furnace
  • Natural Gas
  • Wall Furnace
Community Features
  • Sidewalks
  • Storm Drains
  • Street Lights
  • Urban