511 W 5th Street Chico, CA 95928

$775,000 Pending

About the Property

This charming duplex is a rare find. This student property is located in Downtown, practically across the street from CSUC. It is 100% occupied and has been meticulously maintained by one owner over decades. Recent updates include new paint, new custom front doors, new water heater, and new high efficiency ducted split HVAC for each unit. The property also has rear off street parking and a garage. Interior features include wood floors, period style finishes, washer/dryer in both units, and all appliances included. The property is located near Downtown and CSUC, close to public transportation, shopping, and dining. It is a great rental income potential and perfect investment opportunity. It’s one of a kind! Additionally units may be built in rear where garage is located, buyer to verify. Seller financing may be available. Some photos were taken prior to new doors, HVAC and paint. Full investment package and financials in supplemental documents.

Property Information

Size 2,465 SqFt
Price/SqFt $314
Lot Size 0.13 Acres
Year Built 1929
Property Type Residential Income
Listing Number SN23224261
Listed 12/11/2023
Modified 1/23/2024
Listing Agent Ryan Vaught
Listing Office Ryno Company
Total Building 1
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Units Leased
  • 2
# Water Meters
  • 1
Community Features
  • Gutters
Garage Spaces
  • 3.00
Gross Income
  • 4340.00
Gross Scheduled Income
  • 52080.00
  • Two
Net Operating Income
  • 28676.00
Operating Expense
  • 10921.00
Parking Total
  • 3.00
  • None
Price Pe rUnit
  • 387500
  • Public Sewer
  • 1
Total Expenses
  • 10921.00
  • Sewer Connected
Water Source
  • Public