562 Morgan Drive Chico, CA 95973

$550,000 Closed

About the Property

Please Note: This property has been SOLD

Fabulous Townhouse style duplex on a corner lot in North Chico with two identical units. Each unit features 3 bedrooms and 2 full bathrooms, approximately 1269 sf, indoor laundry room with a single car garage with a good size yard in a great neighborhood. This home offers an open floor plan downstairs features the kitchen, family room and dining area with a full bathroom, upstairs offers 3 bedrooms and a full bath. The back yard is large enough for gardening or a place for kiddos to run around. Each unit pays flat fee of $125 per month for water and sewer fee they also pay for all utilities and maintaining the yard.

Property Information

Size 2,538 SqFt
Price/SqFt $217
Lot Size 0.16 Acres
Year Built 2006
Property Type Residential Income
Listing Number SN23103282
Listed 6/11/2023
Modified 9/29/2023
Listing Agent Sima Saboury
Listing Office Porchlight Real Estate Brokers
Total Building 2
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Units Leased
  • 2
# Water Meters
  • 2
Construction Materials
  • Stucco
Cooling
  • Central Air
Fencing
  • Wood
Fireplace
  • None
Garage Spaces
  • 1.00
Gross Income
  • 32752.00
Gross Operating Income
  • 32752.00
Gross Scheduled Income
  • 46752.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 32752.00
Operating Expense
  • 14000.00
Parking Total
  • 1.00
Pool
  • None
Price Pe rUnit
  • 275000
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Style
  • Contemporary
Total Expenses
  • 14000.00
Water Source
  • Public
Appliances
  • 6 Burner Stove
  • Dishwasher
Electric
  • 220 Volts in Kitchen
  • 220 Volts in Laundry
Exterior
  • Lighting
  • Rain Gutters
Flooring
  • Carpet
  • Laminate
Utilities
  • Cable Connected
  • Electricity Connected
  • Natural Gas Not Available
Community Features
  • Gutters
  • Sidewalks
  • Storm Drains
  • Street Lights
  • Suburban
Tenant Pays
  • All Utilities
  • Cable TV
  • Electricity
  • Exterior Maintenance
  • Gas
  • Sewer
  • Water