1309 Jackson Street Chico, CA 95928

$399,000 Pending

About the Property

Best price per unit on the market! This 4 plex is a good little workhorse of a property and consists of 2- 1 bedroom 1 bath and 2 studio units. Both studios have been updated. One studio(unit #4) has been completely renovated while the other(unit #3) received fresh paint, new kitchen cabinets, and other bathroom upgrades including a new vanity. Property has always stayed rented per owner. All units have upside in rents, subject to applicable ordinances and laws. Off street parking with a large front yard common area plus each unit has a fenced private back yard. Property is on septic. All roofs are newer (within the last 5 years). Other recent updates include newer AC units and appliances.

Property Information

Size 1,900 SqFt
Price/SqFt $210
Lot Size 0.22 Acres
Year Built 1955
Property Type Residential Income
Zoning AR
Listing Number SN21145088
Listed 7/3/2021
Modified 7/30/2021
Listing Agent James Lowe
Listing Office Ryno Company
Total Building 2
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Units Leased
  • 4
# Water Meters
  • 1
Accessibility Features
  • Parking
Cap Rate
  • 4.08
Community Features
  • Biking
Construction Materials
  • Stucco
Electric
  • Standard
Exterior
  • Awning(s)
Fencing
  • Wood
Garage Spaces
  • 0.00
Gross Income
  • 33480.00
Gross Operating Income
  • 32476.00
Gross Scheduled Income
  • 33480.00
Interior
  • Laminate Counters
Levels
  • One
Net Operating Income
  • 19369.00
Operating Expense
  • 13107.00
Pool
  • None
Price Pe rUnit
  • 118750
Sewer
  • Septic Type Unknown
StoriesTotal
  • 1
Total Actual Rent
  • 2730.00
Total Expenses
  • 13107.00
Water Source
  • Public
Cooling
  • Wall/Window Unit(s)
  • Electric
Flooring
  • Carpet
  • Vinyl
Roofing
  • Asphalt
  • Shingle
Tenant Pays
  • Electricity
  • Sewer
  • Water
Appliances
  • Gas Range
  • Gas Cooktop
  • Gas Water Heater
  • Refrigerator
  • Water Heater
Fireplace
  • Kitchen
  • Living Room
  • Patio
  • Electric
  • Gas
Utilities
  • Cable Available
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected