638 W 1st Avenue Chico, CA 95926

$359,000 Active

About the Property

Two units on one lot within a very short distance to Chico State. Excellent opportunity to acquire an affordable, turn-key multi-unit property in Chico! It would make a fantastic parent/student investment. Live in one, rent the other! The front home is a charming 2 bedroom, 1 bath with the requisite white picket fence and adorable covered front porch. Move in and market ready with dual pane windows, spacious eat-in kitchen, tile flooring, and tons of updates. The permitted, detached studio in the rear has a ton of character and offers privacy. The shared rear yard is fully fenced and low maintenance. The main house is vacant, which allows the opportunity to set the rent at the current market rate. Plenty of off-street parking!

Property Information

Size 1,150 SqFt
Price/SqFt $312
Lot Size 0.14 Acres
Year Built 1927
Property Type Residential Income
Zoning R3
Listing Number SN24080116
Listed 4/22/2024
Modified 5/4/2024
Listing Agent Sandi Bauman
Listing Office Chico Homes
Total Building 2
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 1
# Units Leased
  • 1
# Water Meters
  • 1
Cooling
  • Central Air
Fencing
  • Wood
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Scheduled Income
  • 24444.00
Heating
  • Central
Levels
  • One
Other Structures
  • Two On A Lot
Parking Total
  • 2.00
Pool
  • None
Price Pe rUnit
  • 179500
Sewer
  • Public Sewer
StoriesTotal
  • 1
Tenant Pays
  • Electricity
Water Source
  • Public
Community Features
  • Biking
  • Urban
Utilities
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected