817 Rio Chico Way Chico, CA 95928

$795,000 Pending
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About the Property

INVESTMENT OPPORTUNITY! If you’ve ever dreamt about owning a solid income producing asset on CSU, Chico’s doorstep— here is your opportunity to own four rental units! This property features (3) 2 bedroom/1 bath units, with an additional 1 bedroom/1 bath unit; each with their own unique charm, updated kitchens & baths, and in unit laundry. Alley offers ample off-street parking, and the proximity to campus, WREC center & all our beautiful downtown has to offer couldn’t be better. TENANT OCCUPIED & LEASED until May 2023. PLEASE DO NOT DISTURB TENANTS.

Property Information

Size 2,150 SqFt
Price/SqFt $370
Lot Size 0.17 Acres
Year Built 1905
Property Type Residential Income
Zoning R3
Listing Number SN22163572
Listed 7/27/2022
Modified 8/5/2022
Listing Agent Matt Depa
Listing Office Re/Max of Chico
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Water Meters
  • 1
Community Features
  • Sidewalks
Cooling
  • Wall/Window Unit(s)
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 5280.00
Gross Scheduled Income
  • 63360.00
Heating
  • Wall Furnace
Levels
  • Two
Net Operating Income
  • 50524.00
Operating Expense
  • 12836.00
Pool
  • None
Price Pe rUnit
  • 198750
Sewer
  • Public Sewer
Total Expenses
  • 12836.00
Water Source
  • Public