812 W 1st Street Chico, CA 95928

$699,000 Active

About the Property

This college rental is an exceptional opportunity that offers a lucrative investment for any potential buyer. With its proximity to Chico State University, this property is in a prime location and has a solid rental history, generating an impressive $49,500 in gross scheduled income. The property has been well-maintained over the years, making it a turnkey investment option for anyone looking to add to their portfolio. The property is fully occupied, ensuring a steady stream of rental income for the new owner. The property consists of four units in total, with two located on the upper level and two on the lower level, each featuring two bedrooms and one bathroom. Off-street parking is available in the back, adding convenience and security for tenants. With all these features, this college rental is a must-see investment opportunity!

Property Information

Size 3,016 SqFt
Price/SqFt $232
Lot Size 0.17 Acres
Year Built 1905
Property Type Residential Income
Zoning R3
Listing Number SN23035167
Listed 2/21/2023
Modified 5/18/2023
Listing Agent Lisa Bristow
Listing Office Keller Williams Realty Chico Area
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Units Leased
  • 4
# Water Meters
  • 1
  • None
Garage Spaces
  • 0.00
Gross Operating Income
  • 48215.00
Gross Scheduled Income
  • 49500.00
  • Two
Net Operating Income
  • 30370.00
Operating Expense
  • 17844.00
Other Structures
  • Shed(s)
Parking Total
  • 6.00
  • None
Price Pe rUnit
  • 174750
  • Composition
  • Public Sewer
  • Bungalow
Total Actual Rent
  • 4125.00
Uncovered Spaces
  • 6.00
  • Neighborhood
Water Source
  • Public
  • Concrete
  • Tile
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected
Community Features
  • Biking
  • Curbs
  • Gutters
  • Sidewalks
  • Street Lights
  • Urban