616 W 2nd Avenue Chico, CA 95926

$509,500 Active Under Contract

About the Property

Conveniently located to Chico State University and Downtown Chico! 616 West 2nd Ave is ready for a new Owner! This property is a perfect place for extended family with its 2 separate entries. It makes for a perfect place to have your kids or in-laws close but still be far enough to enjoy your own space. Also, a great income producing property for your client to add to their portfolio. A total of 6 bedrooms and 4 bathrooms! The main home is 5 bedroom 3 bath, 4 bedrooms and 2 baths located upstairs with a convenient hall computer area. Downstairs you will find the 5th bedroom and bath plus a laundry room with a large utility sink. The large kitchen opens to the family room with high ceilings, electric stove and dishwasher and the window over the kitchen sink overlooks a private fenced yard. The dining room has a sliding glass door with easy access for backyard enjoyment. There is an attached large studio with its own kitchen and bathroom with heat and air. This property has been a fully rented income producing property for its owner. All rooms and the studio are occupied and are rented until June 2021 for a total amount of $3400 per month. Tenants pay all utilities including trash. The owner only pays taxes and insurance on the building. All appliances will stay at the time of sale. The house and carpets have been professionally cleaned and the yard and trees professionally maintained.

Property Information

Size 2,184 SqFt
Price/SqFt $233
Lot Size 0.1 Acres
Year Built 2002
Property Type Residential Income
Listing Number SN20252400
Listed 12/6/2020
Modified 1/12/2021
Listing Agent Sima Saboury
Listing Office Porchlight Real Estate Brokers
Total Building 1
Total Units 2

Property Features

# Electric Meters
  • 1
# Gas Meters
  • 1
# Units Leased
  • 6
# Water Meters
  • 1
Carport Spaces
  • 0.00
Construction Materials
  • Wood Siding
  • 220 Volts in Laundry
  • Wood
  • None
Garage Spaces
  • 0.00
Gross Income
  • 40800.00
Gross Scheduled Income
  • 40800.00
  • Two
Net Operating Income
  • 33708.00
Parking Total
  • 6.00
  • None
  • Shingle
  • Public Sewer
  • None
  • 2
  • Contemporary
Total Actual Rent
  • 3400.00
Total Expenses
  • 7092.00
Uncovered Spaces
  • 6.00
Water Source
  • Public
  • Central Air
  • Wall/Window Unit(s)
  • Central
  • Electric
Community Features
  • Curbs
  • Gutters
  • Suburban
  • Electric Oven
  • Electric Range
  • Disposal
  • Refrigerator
  • Ceiling Fan(s)
  • High Ceilings
  • Open Floorplan
  • Two Story Ceilings
Tenant Pays
  • All Utilities
  • Cable TV
  • Electricity
  • Gas
  • Cable Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected