726 W 2nd Avenue Chico, CA 95926

$1,039,900 Active

About the Property

This 5, multi family unit is consists of a single family home with a 3 bedrooms, 1 bath and a fireplace plus a 4-plex. Each one of the 4-plex units offers 4 bedrooms, 2 baths and all these 4 units are equipped with fire sprinklers. The assessor record shows the year built for the 4-plex to be 1989, however the year built for the front house is unknown. In just last couple of weeks, the units in the 4-plex were updated with beautiful slab granite counter tops, new sinks, new flooring and fresh paint. A new roof was installed on the 4-plex on August of 2018. If you are a retiree, this is your opportunity to live in the front home and rent the others. The current rents are below market, offering an exceptional opportunity for higher income. The property has 6 PG&E meters, 2 water meters and a coin operated community laundry with 2 washers and 2 dryers. It is located a short distance from CSUC, downtown and shopping. This is a great investment property!

Property Information

Size 6,910 SqFt
Price/SqFt $150
Lot Size 0.389 Acres
Year Built 1989
Property Type Residential Income
Zoning CITY
Listing Number SN18161597
Listed 7/6/2018
Modified 10/16/2018
Listing Agent Effie Khaki
Listing Office Century 21 Select Real Estate, Inc.
Total Building 2
Total Units 5

Property Features

# Electric Meters
  • 6
# Water Meters
  • 2
Community Features
  • Urban
  • Central
  • Great Room
Garage Spaces
  • 0.00
Gross Income
  • 88980.00
Gross Scheduled Income
  • 88980.00
  • Central Furnace
  • Granite Counters
  • Two
Net Operating Income
  • 68382.80
Operating Expense
  • 20597.20
  • None
  • Public Sewer
  • 2
Total Expenses
  • 20597.22
Water Source
  • Public
Construction Materials
  • Stucco
  • Wood Siding