616 W 2nd Avenue Chico, CA 95926

$550,000 Active

About the Property

Stone throw away from the CSUC !! This great income producing investment property is consist of a 5 bedrooms, 3 baths plus an attached 1 bedroom, 1 bath studio. The features include, open floor plan, high ceilings, large living room and spacious bedrooms. The large kitchen with its massive breakfast bar opens to the living room and offers, lots of cabinets, dishwasher, stove/oven, garbage disposal and refrigerator. The other feature includes indoor laundry with washer/dryer, central heat/air and fully a fenced yard to relax and enjoy the outdoor in the spring and summer nights. The studio has its own heat/air and its own refrigerator. The students love the location for its proximity to the CSUC, shopping, restaurants and the downtown. The rents for the property is $ 3,300.00 per month till June 2020 and is leased for $ 3,400.00 per month from June 2020 till June 2021. This is a great addition to your portfolio of investments.

Property Information

Size 2,184 SqFt
Price/SqFt $252
Lot Size 0.1 Acres
Year Built 2002
Property Type Residential Income
Listing Number SN20011603
Listed 1/17/2020
Modified 2/19/2020
Listing Agent Effie Khaki
Listing Office Century 21 Select Real Estate, Inc.
Total Building 1
Total Units 1

Property Features

# Electric Meters
  • 1
# Gas Meters
  • 1
# Water Meters
  • 1
Community Features
  • Urban
Construction Materials
  • Wood Siding
Fencing
  • Wood
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 39600.00
Gross Scheduled Income
  • 39600.00
Heating
  • Central
Interior
  • Formica Counters
Levels
  • Two
Net Operating Income
  • 32578.00
Operating Expense
  • 7022.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Total Expenses
  • 7022.00
Water Source
  • Public
Cooling
  • Central Air
  • Electric
Flooring
  • Carpet
  • Vinyl
Tenant Pays
  • All Utilities
  • Sewer
  • Trash Collection
  • Water
Appliances
  • Dishwasher
  • Electric Oven
  • Electric Range
  • Disposal
  • Refrigerator