488 E 3rd Street Chico, CA 95928
About the Property
Beautiful home in prime location walking distance to downtown Chico, Bidwell Park and Chico State University. The home has 9 bedrooms and 5 bathrooms, and it is currently rented for $6,400 per month. Originally built in 1950 by the Enloe Family, the home was taken down to the studs and completely refurbished in 2007 with new electrical, plumbing, appliances, HVAC systems, roof, windows, light fixtures, plumbing fixtures, and new insulation in the walls and attic. Most of the original wood flooring throughout the home was preserved and restored, and several bathrooms have the original tile flooring. The large kitchen features granite counter tops, two sinks, two stoves, two microwaves, two refrigerators and tons of cabinetry. The home also has two sets of washer and drier (one set upstairs and one set downstairs), plus a finished basement with a bedroom, a living room, separate exterior access, and two walk-in storage closets. The tenant is on a year lease and is responsible for paying water, sewer, garbage, yard maintenance, and interior repairs (including appliances). At the current list price, the property offers a true 7% return on investment. This property offers the trifecta - location, condition and ROI.
Property Information
| Size | 3,659 SqFt |
|---|---|
| Price/SqFt | $212 |
| Lot Size | 0.24 Acres |
| Year Built | 1950 |
| Property Type | Residential Income |
| Listing Number | SN20144023 |
| Listed | 7/20/2020 |
|---|---|
| Modified | 9/21/2020 |
| Listing Agent | Mike McCrady |
| Listing Office | Michael McCrady, Broker |
| Total Building | 1 |
| Total Units | 1 |
Property Features
- 1
- 1
- 1
- 1
- 7.00
- Central Air
- None
- 0.00
- 64275.00
- 76800.00
- 76800.00
- Central
- Three Or More
- 64275.00
- 12525.00
- 6.00
- None
- Public Sewer
- 2
- 6400.00
- 12525.00
- 6.00
- Public
- Gas Water Heater
- High Efficiency Water Heater
- Tankless Water Heater
- See Remarks
- Tile
- Wood
- Granite Counters
- High Ceilings
- Recessed Lighting
- Biking
- Curbs
- Dog Park
- Hiking
- Gutters
- Preserve/Public Land
- Sidewalks
- Storm Drains
- All Utilities
- Electricity
- Grounds Care
- HVAC Maintenance
- Janitorial Service
- Repairs
- Sewer
- Trash Collection
- Water
Listed by Mike McCrady of Michael McCrady, Broker. Listing data last updated 7/18/2025 at 7:32 AM PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of 9/21/2020 3:07 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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