765 Humboldt Avenue Chico, CA 95928

$950,000 Active

About the Property

Black and White Perfection: Elevate Your Investment Game Today! Discover an incredible investment opportunity with this stylish black and white residential income property featuring six updated units. You'll find five chic 1-bedroom units and a detached 2-bedroom unit, each freshly painted and boasting sleek fixtures, flooring, and a modern color scheme. Unit 1 charms with a ground-level front patio, while Units 2 and 3 offer cozy upstairs living in the main house. Units 4 and 5 nestle at the rear, with the detached rear unit offering serene views backing up to the Little Chico Creek area. Ample on-site and street parking, along with separate gas and electric meters for each unit, make tenant management a breeze. Just a short ride from downtown, tenants will relish the convenience of nearby shopping, restaurants, and pubs. Don’t miss out on adding this property to your portfolio!

Property Information

Size 2,691 SqFt
Price/SqFt $353
Lot Size 0.23 Acres
Year Built 1885
Property Type Residential Income
Zoning R3
Listing Number SN24123348
Listed 6/18/2024
Modified 7/9/2024
Listing Agent Matt Depa
Listing Office Re/Max of Chico
Total Building 2
Total Units 6

Property Features

# Electric Meters
  • 7
# Gas Meters
  • 6
# Water Meters
  • 1
Community Features
  • Sidewalks
Garage Spaces
  • 0.00
Gross Income
  • 7330.00
Gross Scheduled Income
  • 87960.00
  • Two
Net Operating Income
  • 64575.00
Operating Expense
  • 23385.00
  • None
Price Pe rUnit
  • 158333
  • Public Sewer
  • 2
Total Expenses
  • 23385.00
Water Source
  • Public