727 W 10th Street Chico, CA 95928

$500,000 Closed
  • Front Unit Duplex has 1 bed/ 1 bath Unit #1 & Studio Unit #2 Front Unit Duplex has 1 bed/ 1 bath Unit #1 & Studio Unit #2
  • Front Unit Duplex has 1 bed/ 1 bath Unit #1 & Studio Unit #2
  • Back House Unit #3 has 2 bed/ 1 bath, with cute front patio!
  • Drone Shot shows the set-up of the 3 Units
  • Side of front house has a wide area for possible RV storage, Boat?
  • Newer walkway to go to the Back House
  • Back House has beautiful green lawn to enjoy!
  • Shed for extra storage for tenants of Back House.
  • Front Door of Back House Unit #3
  • Back House Unit #3 Bonus Room.
  • Lovely Patio on Unit #3
  • Back House newer replacement of Water Heater
  • Bonus Room currently housing washer/dryer. Could be an additional 3rd bedroom

About the Property

Please Note: This property has been SOLD

3 CHARMING RENTALS THAT DELIVER GREAT CASH FLOW! This Barber neighborhood property is close to Chico State University and is consistently always rented! The Duplex in the front has a 1 Bed / 1 Bath Unit & Studio that has had many improvements made like newer luxury vinyl plank flooring throughout, newer interior / exterior paint, newer appliances, ceiling fans & window AC. Both units have surprisingly larger kitchen areas. These units both benefit from a shared Laundry onsite with newer Washer & Dryer. Walking to the back of the property, along a newer pave way, you will find a fully fenced lush green garden and large shade tree where the 3 unit is situated! There is also a newer large shed that the 3rd unit has access to store in. The 3rd Unit is an attractive 2 Bed / 1 Bath home which has an inviting patio to welcome you in. As you enter the Front Door into the Main Living Area the vibrant designer paint color, newer luxury vinyl planking, and huge Skylights are a nice surprise! There is a cute area for Dining before walking into the Kitchen. Recently this sleek white Kitchen was updated with newer stainless-steel appliances, and there is plenty of counter/cabinet space! Just beyond the Kitchen is the Large Bonus Room that currently houses the Washer/Dryer. This large room (approximately 300 sq ft) could be reconfigured...maybe a 3rd bedroom, which could increase the profitability of this unit! The other two bedrooms and guest bathroom are located just off the main living area. One of the bedrooms has a platform for the bed placed in between three large windows so you can really enjoy the outdoors in! This home was also used as an Airbnb because of all of its cute character! All the units are connected to City services and have separate meters for PG&E. The Owner does pay for water & trash services for the tenants. Don't miss your opportunity to invest in a beneficial Cash Flow Property!

Property Information

Size 2,500 SqFt
Price/SqFt $200
Lot Size 0.14 Acres
Year Built 1935
Property Type Residential Income
Listing Number SN23081250
Listed 5/9/2023
Modified 1/6/2024
Listing Agent Lora Trenner
Listing Office Re/Max Home and Investment
Total Building 2
Total Units 3

Property Features

# Electric Meters
  • 3
# Gas Meters
  • 3
# Units Leased
  • 3
# Water Meters
  • 1
Cap Rate
  • 7.00
  • Wall/Window Unit(s)
  • Rain Gutters
  • None
Garage Spaces
  • 0.00
Gross Income
  • 45000.00
Gross Scheduled Income
  • 45000.00
  • Wall Furnace
  • One
Net Operating Income
  • 34961.00
Operating Expense
  • 10039.00
Other Structures
  • Shed(s)
  • None
Price Pe rUnit
  • 166333
  • Composition
  • Public Sewer
  • None
  • 1
  • Bungalow
Tenant Pays
  • Electricity
Total Actual Rent
  • 45000.00
Total Expenses
  • 10039.00
  • Neighborhood
Water Source
  • Public
  • 220 Volts in Laundry
  • Electricity - On Property
  • Good Condition
  • Wood
  • See Remarks
  • Vinyl
  • Ceiling Fan(s)
  • Formica Counters
  • Gas & Electric Range
  • Refrigerator
  • Water Heater
Community Features
  • Biking
  • Gutters
  • Urban
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected