622 Chestnut Street Chico, CA 95928

$930,700 Closed

About the Property

Please Note: This property has been SOLD

Great investment opportunity in downtown Chico! This quadruplex is 5 blocks from the university and features four, four-bedroom two-bathroom units. The property is professionally managed and has been well-maintained. The roof was replaced in 2019. Each unit has updated dual pain windows, renovated porch/staircase leading to the upstairs unit and a recently re-painted parking lot. The rents have been priced affordable and has given the property a strong rental history, all units are leased through summer 2022. The current total gross rent is $6,850 per month.

Property Information

Size 4,400 SqFt
Price/SqFt $212
Lot Size 0.2 Acres
Year Built 1984
Property Type Residential Income
Zoning R3
Listing Number SN22017516
Listed 1/28/2022
Modified 5/13/2022
Listing Agent Jacob Hricik
Listing Office Atrix Real Estate
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Water Meters
  • 1
Community Features
  • Sidewalks
Garage Spaces
  • 0.00
Gross Income
  • 82200.00
Gross Scheduled Income
  • 82200.00
Levels
  • Two
Net Operating Income
  • 56485.00
Operating Expense
  • 25715.00
Parking Total
  • 12.00
Pool
  • None
Price Pe rUnit
  • 261250
Sewer
  • Public Sewer
StoriesTotal
  • 2
Total Expenses
  • 25715.00
Water Source
  • Public