818 W 1st Street Chico, CA 95928

$895,000 Closed

About the Property

Please Note: This property has been SOLD

Clank! Tap! Clack! That’s the sound of a college rental so close to the Chico State WREC center, you could literally throw a stone and hit it! Don’t miss this awesome opportunity to invest in this dual dwelling property with solid rental history. The front house is 4 bedroom, 2 bath with an additional 6 bedroom, 2 bath home accessed via the alley in back. Both homes offer in unit laundry, off site parking and private low maintenance yards. Located near the heart of the Chico State campus-- easily walk or bike to school, restaurants and all that downtown Chico has to offer. PROPERTY IS TENANT OCCUPIED. PLEASE DO NOT DISTURB TENANTS.

Property Information

Size 3,379 SqFt
Price/SqFt $265
Lot Size 0.17 Acres
Year Built 1984
Property Type Residential Income
Zoning R3
Listing Number SN22005927
Listed 1/19/2022
Modified 3/29/2022
Listing Agent Steve Depa
Listing Office Re/Max of Chico
Total Building 2
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Water Meters
  • 1
Community Features
  • Sidewalks
  • Wall/Window Unit(s)
  • None
Garage Spaces
  • 0.00
Gross Income
  • 6800.00
Gross Scheduled Income
  • 81600.00
  • Wall Furnace
Net Operating Income
  • 67731.00
Operating Expense
  • 13869.00
  • None
Price Pe rUnit
  • 447500
  • Public Sewer
Total Expenses
  • 13869.00
Water Source
  • Public