920 Olive Street Chico, CA 95928

$335,000 Active

About the Property

Affordable income property in the heart of Chico. Two separate homes on one lot with a fantastic location just minutes from highway access, downtown Chico and CSUC... Property offers a fantastic rental history and is comprised of a 4 bedroom/2 bath home currently rented for $1400 per month and a 3 bedroom/1 bath home which is rented for $1100. Live in one and rent the other? Buying now means that you can capitalize on not only the fantastic cash flow, but the potential for rent increases in the strengthening Chico market. ***Please do not disturb tenants***. Thank you!

Property Information

Size 2,260 SqFt
Price/SqFt $148
Lot Size 0.269 Acres
Year Built 1945
Property Type Residential Income
Zoning R3
Listing Number SN17229604
Listed 10/5/2017
Modified 9/11/2018
Listing Agent Craig Brandol
Listing Office RE/MAX Of Chico
Total Building 2
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Water Meters
  • 2
Garage Spaces
  • 1.00
Gross Income
  • 30000.00
Gross Scheduled Income
  • 31200.00
Net Operating Income
  • 30000.00
Operating Expense
  • 1200.00
Parking Total
  • 4.00
Pool
  • None
Water Source
  • Public
Community Features
  • Curbs
  • Gutters
  • Sidewalks