488 E 3rd Street Chico, CA 95928
About the Property
Exceptional income property located in one of Chico's best neighborhoods offering 7% return on investment. The home has 9 bedrooms and 5 bathrooms and is currently rented for $6,550 per month. The lease term is for 1 year and goes from June 1st, 2022, through May 31, 2023. Under the lease, the tenant is responsible for water, sewer, garbage, yard maintenance, and all interior building maintenance and repair (including HVAC servicing and appliance repair). 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. 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. This property offers the trifecta - location, condition and ROI.
Property Information
| Size | 3,659 SqFt |
|---|---|
| Price/SqFt | $232 |
| Lot Size | 0.24 Acres |
| Year Built | 1950 |
| Property Type | Residential Income |
| Listing Number | SN22119211 |
| Listed | 6/3/2022 |
|---|---|
| Modified | 7/19/2022 |
| Listing Agent | Mike McCrady |
| Listing Office | Michael McCrady, Broker |
| Total Building | 1 |
| Total Units | 1 |
Property Features
- 1
- 1
- 1
- 7.02
- Stucco
- Central Air
- None
- 0.00
- 78600.00
- 78600.00
- 78600.00
- Central
- Three Or More
- 64981.00
- 13619.00
- None
- 925000
- Composition
- Public Sewer
- 13169.00
- Public
- Biking
- Park
- Carpet
- Tile
- Wood
- Cable TV
- Electricity
- Grounds Care
- Gas
- HVAC Maintenance
- Janitorial Service
- Management
- Other
- Pest Control
- Repairs
- See Remarks
- Sewer
- Water
Listed by Mike McCrady of Michael McCrady, Broker. Listing data last updated 5/12/2025 at 11:53 PM PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of 7/19/2022 4:49 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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