421 W 1st Avenue Chico, CA 95926

$549,000 Pending

About the Property

Attention Investors! Here's your chance to add a prime rental property to your portfolio in Chico's highly desirable West Avenues, a hot spot for college rentals. This unique triplex offers a blend of history charm and high rental potential, located blocks from Chico State University and Downtown Chico. The main house, built in 1920, excuses character with original hardwood flooring, offering 3 bedrooms and 2 bathrooms upstairs. Plus, there's an additional bedroom and living space in the basement, providing extra rental opportunities. Behind the main house, you'll find a duplex with two separate units, each featuring 4 bedrooms and 2 bathrooms. The property boasts a fully fenced yard, perfect for tenants seeking an outdoor space, as well as alley access and off-street parking - major conveniences for college students and renters alike. This investment property is perfectly positioned for high demand, thanks to its proximity to the University, shopping, and dining. Don't miss out on this fantastic opportunity, this one won't last long!

Property Information

Size 3,280 SqFt
Price/SqFt $167
Lot Size 0.2 Acres
Year Built 1910
Property Type Residential Income
Zoning R3
Listing Number SN24218654
Listed 10/15/2024
Modified 11/8/2024
Listing Agent Alisha Simpkins
Listing Office Keller Williams Realty Chico Area
Total Building 2
Total Units 3

Property Features

# Electric Meters
  • 3
# Gas Meters
  • 3
# Units Leased
  • 3
# Water Meters
  • 3
Carport Spaces
  • 0.00
Cooling
  • Central Air
Electric
  • 220 Volts in Laundry
Fencing
  • Wood
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 41218.00
Gross Scheduled Income
  • 53000.00
Heating
  • Central
Levels
  • Multi/Split
Net Operating Income
  • 28860.00
Operating Expense
  • 12358.00
Parking Total
  • 5.00
Pool
  • None
Price Pe rUnit
  • 183000
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 1
Total Actual Rent
  • 4445.00
Total Expenses
  • 12358.00
Uncovered Spaces
  • 5.00
Views
  • Neighborhood
Water Source
  • Public
Exterior
  • Lighting
  • Rain Gutters
Flooring
  • Carpet
  • Laminate
  • Wood
Interior
  • Built-in Features
  • Ceiling Fan(s)
  • Formica Counters
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
Utilities
  • Electricity Connected
  • Sewer Connected
  • Water Connected
Community Features
  • Curbs
  • Gutters
  • Sidewalks
  • Storm Drains
  • Street Lights
  • Suburban
Appliances
  • Dishwasher
  • Gas Oven
  • Gas Range
  • Range Hood
  • Recirculated Exhaust Fan
  • Refrigerator
  • Self Cleaning Oven
  • Water Heater

Listed by Alisha Simpkins of Keller Williams Realty Chico Area. Listing data last updated 12/11/2024 at 12:13 PM PST.

Based on information from California Regional Multiple Listing Service, Inc. as of 11/8/2024 8:52 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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