727 W 10th St Chico, CA 95928

$600,000 Active

About the Property

$3645 monthly income potential! This is the cash flowing triplex you’ve been waiting for! This property is tucked away in a great downtown location, near Chico State. The front duplex has a studio apartment and a one-bedroom apartment which are always well rented. These units are both nicely updated with newer interior and exterior paint, new laminate flooring, newer appliances, window AC, ceiling fans, good-sized kitchens and they share an on-site laundry room. Tenants pay PGE, internet, and cable. The back house aka “the Garden House” has 2 bedrooms, 1 bath, a sunroom with laundry, good-sized kitchen, new storage shed, and a privately fenced backyard oasis. All units are on city services and separately metered. The tenants will enjoy a graveled driveway for off-street parking, or room for your boat/RV! This property is ideal for someone to live in one and rent out the others, or you can rent all three. Call me for details!

Property Information

Size 2,500 SqFt
Price/SqFt $240
Lot Size 0.14 Acres
Year Built 1935
Property Type Residential Income
Listing Number SN22135838
Listed 6/22/2022
Modified 6/29/2022
Listing Agent Tara Taylor
Listing Office Re/Max of Chico
Total Building 2
Total Units 3

Property Features

# Electric Meters
  • 3
# Gas Meters
  • 3
# Units Leased
  • 2
# Water Meters
  • 3
Community Features
  • Sidewalks
Cooling
  • Wall/Window Unit(s)
Fencing
  • Average Condition
Fireplace
  • None
Flooring
  • Laminate
Garage Spaces
  • 0.00
Gross Income
  • 43740.00
Gross Scheduled Income
  • 43740.00
Heating
  • Wall Furnace
Interior
  • Crown Molding
Levels
  • One
Net Operating Income
  • 38740.00
Operating Expense
  • 5000.00
Other Structures
  • Shed(s)
Parking Total
  • 2.00
Pool
  • None
Price Pe rUnit
  • 200000
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
Style
  • Bungalow
Total Actual Rent
  • 2045.00
Total Expenses
  • 5000.00
Uncovered Spaces
  • 2.00
Utilities
  • Sewer Connected
Views
  • Neighborhood
Water Source
  • Public
Tenant Pays
  • Cable TV
  • Electricity
  • Gas