1208 W 8th Avenue Chico, CA 95926

$445,000 Active Under Contract

About the Property

This fantastic property provides nearly endless possibilities. The charming main home is very clean and offers 3 full bedrooms, plus a large finished basement area, open remodeled kitchen and beautiful hardwood floors in the living room and halls. Main home is currently rented on an month-to-month basis for $1,350 per month. There is plenty of upside rent potential as well... In addition, as part of the main structure, there is an attached studio unit with its own entrance. It has a nice fireplace as well a bathroom, sink/kitchenette area and private patio as well. Currently being individually rented, this space as also been opened up and used as part of the main home in the past for occupants that need the additional space. Can easily be modified as necessary and is currently rented for $875 as a fully furnished unit. At the back portion of property there is an additional detached unit offering a great loft area, newer laminate floors, newer windows, newer exterior paint plus a bathroom and sink/kitchenette area as well. Currently being rented for an average of $1,400 as a fully furnished Air BnB Property offers tremendous cash flow from day one! The large yard offers potential side access, large trees and mature landscaping and plenty of space...

Property Information

Size 2,200 SqFt
Price/SqFt $202
Lot Size 0.28 Acres
Year Built 1985
Property Type Residential Income
Zoning R1
Listing Number SN21164423
Listed 7/27/2021
Modified 8/24/2021
Listing Agent Dan Bosch
Listing Office Re/Max of Chico
Total Building 2
Total Units 3

Property Features

# Electric Meters
  • 3
# Gas Meters
  • 3
# Water Meters
  • 3
  • See Remarks
Garage Spaces
  • 0.00
Gross Income
  • 3625.00
Gross Scheduled Income
  • 43500.00
  • Central
  • One
  • None
  • Public Sewer
  • 2
Water Source
  • Public
Community Features
  • Curbs
  • Sidewalks
  • Storm Drains
  • Street Lights