550 Morgan Drive Chico, CA 95973

$595,000 Active

About the Property

This is a great investment opportunity. Live in one side and rent the other or rent both. Each unit is two story. 3 bedrooms upstairs with ceiling fans and blinds, a full bathroom with shower/tub combo and linen closet. There is a stack washer/dryer upstairs in each unit. Nice fenced back yards and one car garages. Downstairs offers a nice tile entryway and under stairs storage. Full bathroom with tub/shower conbo. Access to one car garage makes it easy to bring in groceries. Living room with plenty of room for your furniture, a breakfast bar and nice size kitchen with nook near sliding door to your private backyard. Both units recently painted inside and recarpeted. Exterior recently repainted.

Property Information

Size 2,538 SqFt
Price/SqFt $234
Lot Size 0.14 Acres
Year Built 2006
Property Type Residential Income
Listing Number SN25221220
Listed 9/12/2025
Modified 10/2/2025
Listing Agent Bonnie Shook
Listing Office City of Trees Realty
Total Building 1
Total Units 2

Property Features

# Electric Meters
  • 1
# Gas Meters
  • 1
# Water Meters
  • 1
Accessibility Features
  • None
Cooling
  • Central Air
Exterior
  • Rain Gutters
Fencing
  • Wood
Fireplace
  • None
Garage Spaces
  • 2.00
Gross Income
  • 45600.00
Gross Scheduled Income
  • 45600.00
Heating
  • Central
Interior
  • Ceiling Fan(s)
Levels
  • Two
Net Operating Income
  • 30490.00
Operating Expense
  • 15110.00
Parking Total
  • 2.00
Pool
  • None
Price Pe rUnit
  • 297500
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Total Expenses
  • 12300.00
Water Source
  • Public
Community Features
  • Gutters
  • Sidewalks
Flooring
  • Carpet
  • Tile
Utilities
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected
Appliances
  • Dishwasher
  • Disposal
  • Microwave
  • Range Hood
  • Refrigerator
  • Water Heater
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
  • Sewer
  • Trash Collection
  • Water