615 W 11th Street Chico, CA 95928

$1,200,000 Active

About the Property

Explore this solid investment opportunity: a four-unit property with strong rental history. Each of the four units in this complex boasts a spacious floor plan with four bedrooms and two bathrooms, designed to optimize space and ensure comfortable living. Features such as central heating and air conditioning, and ample off-street parking make this property highly attractive to tenants. The low-maintenance landscaping and location in a sought-after neighborhood ensure steady rental demand and potential for growth, presenting a valuable opportunity for housing providers. Additionally, prospective buyers have the option to purchase this and the adjacent fourplex through conventional financing, further enhancing this property’s appeal as an investment. Don’t miss out on this chance to expand your portfolio! Please do not disturb tenants.

Property Information

Size 4,160 SqFt
Price/SqFt $288
Lot Size 0.19 Acres
Year Built 1984
Property Type Residential Income
Zoning R1
Listing Number SN24072253
Listed 4/11/2024
Modified 4/25/2024
Listing Agent Matt Depa
Listing Office Re/Max of Chico
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 5
# Gas Meters
  • 5
# Water Meters
  • 1
Community Features
  • Sidewalks
  • Central Air
Garage Spaces
  • 0.00
Gross Income
  • 7200.00
Gross Scheduled Income
  • 88440.00
  • Central
  • Two
Net Operating Income
  • 68209.00
Operating Expense
  • 20231.00
  • None
Price Pe rUnit
  • 300000
  • Public Sewer
  • 2
Total Expenses
  • 20231.00
Water Source
  • Public