803 Normal Avenue Chico, CA 95928

$479,000 Active

About the Property

Rare investment opportunity near Chico State University and beautiful downtown Chico! Situated at the intersection of W 8th St and Normal Ave, this 6-bedroom, 4-bathroom duplex is conveniently located in a highly desirable area. The lower unit comprises 5 bedrooms and 3 bathrooms, along with an indoor laundry room, while the upper unit consists of 1 bedroom and 1 bathroom. Forced air heating and cooling in Unit 1 and new split heating and cooling system in Unit 2. Both units are currently occupied. Additionally, the property includes a 6-space parking lot on the southern side, which could be used to build an additional dwelling unit. Don't miss out on this investment opportunity! Consistent rental in a great location. Seller may finance, terms negotiable.

Property Information

Size 2,390 SqFt
Price/SqFt $200
Lot Size 0.2 Acres
Year Built 1880
Property Type Residential Income
Zoning R-P
Listing Number SN24026616
Listed 2/8/2024
Modified 6/5/2024
Listing Agent Michael Lee
Listing Office Ryno Company
Total Building 1
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Units Leased
  • 2
# Water Meters
  • 1
Cooling
  • See Remarks
Exterior
  • Lighting
Fencing
  • Wood
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 50880.00
Gross Operating Income
  • 49862.00
Gross Scheduled Income
  • 50880.00
Heating
  • Forced Air
Levels
  • Two
Net Operating Income
  • 31154.00
Operating Expense
  • 18708.00
Parking Total
  • 6.00
Pool
  • None
Price Pe rUnit
  • 239500
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Total Actual Rent
  • 4240.00
Total Expenses
  • 18708.00
Uncovered Spaces
  • 6.00
Water Source
  • Public
Views
  • Neighborhood
  • Trees/Woods
Flooring
  • Carpet
  • Laminate
  • Tile
Interior
  • Ceiling Fan(s)
  • Laminate Counters
  • Pantry
  • Wainscoting
Community Features
  • Curbs
  • Gutters
  • Sidewalks
  • Storm Drains
  • Street Lights
Appliances
  • Dishwasher
  • Free-Standing Range
  • Gas Oven
  • Gas Range
  • Refrigerator
  • Self Cleaning Oven
  • Water Heater