745 W 4th Avenue Chico, CA 95926

$499,000 Pending

About the Property

This is the PERFECT investment opportunity! Ideal location for a rental property! 5 individual units. Located near the college, so there are ALWAYS people needing to rent. Close to Enloe Hospital. All 5 units are consistently rented with long term tenants. Any vacancy is filled in less than a week. All units have a fully fenced back yard, individual mailboxes and individual parking spaces as well as off-street parking. Insurance is current. Brings in approximately $46,000 annually. However, it is currently rented under market value so there is potential for a much higher income. (Minimal cosmetic updating in progress: touch up landscaping, new bathroom vanity in unit 4, etc)

Property Information

Size 3,613 SqFt
Price/SqFt $138
Lot Size 0.64 Acres
Year Built 1946
Property Type Residential Income
Zoning R3/Commercial
Listing Number PA20068911
Listed 4/4/2020
Modified 4/25/2020
Listing Agent Kasey Biccum
Listing Office Olde Tyme Realty
Total Building 5
Total Units 5

Property Features

# Electric Meters
  • 5
# Gas Meters
  • 5
# Water Meters
  • 5
Community Features
  • Curbs
Cooling
  • Evaporative Cooling
Exterior
  • Lighting
Fencing
  • Wood
Garage Spaces
  • 4.00
Gross Income
  • 53000.00
Gross Scheduled Income
  • 53000.00
Heating
  • Wall Furnace
Net Operating Income
  • 46000.00
Operating Expense
  • 7000.00
Parking Total
  • 4.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Public Sewer
Total Expenses
  • 5000.00
Water Source
  • Public
Flooring
  • Carpet
  • Vinyl
Appliances
  • Gas Oven
  • Refrigerator
  • Water Heater
Utilities
  • Cable Available
  • Sewer Connected
  • Water Connected