726 W 2nd Avenue Chico, CA 95926

$1,060,000 Closed

About the Property

Please Note: This property has been SOLD

This five unit complex is a great investment opportunity! First unit is a single family with 3 bedrooms, 1 bath, hardwood floors and fireplace. The structure directly behind the front house consists of four units that are all 4 bedrooms and 2 bathrooms, all recently updated with granite counter tops, new sinks, new flooring and fresh paint. New roof installed in August of 2018 and all four units are equipped with fire sprinklers. The property has six PG&E meters, two water meters and a coin operated laundry room for all tenants to use with two washers and two dryers. Live in the front home and rent out the 4-plex! Great location near Chico State University, downtown and shopping!

Property Information

Size 6,910 SqFt
Price/SqFt $153
Lot Size 0.39 Acres
Year Built 1989
Property Type Residential Income
Zoning CITY
Listing Number SN19127860
Listed 6/6/2019
Modified 1/2/2020
Listing Agent John Barroso
Listing Office Parkway Real Estate Co.
Total Building 2
Total Units 5

Property Features

# Electric Meters
  • 6
# Gas Meters
  • 6
# Water Meters
  • 2
Cap Rate
  • 6.25
Community Features
  • Urban
Cooling
  • Central Air
Fireplace
  • Living Room
Garage Spaces
  • 0.00
Gross Income
  • 103104.00
Gross Operating Income
  • 97948.00
Gross Scheduled Income
  • 103104.00
Heating
  • Central
Interior
  • Granite Counters
Levels
  • Two
Net Operating Income
  • 73796.00
Operating Expense
  • 24152.80
Pool
  • None
Sewer
  • Private Sewer
StoriesTotal
  • 2
Total Expenses
  • 24152.83
Views
  • Neighborhood
Water Source
  • Public
Flooring
  • Carpet
  • Laminate
Appliances
  • Dishwasher
  • Electric Oven
  • Electric Range