541 W 5th Street Chico, CA 95928

$889,000 Active

About the Property

Welcome to 541 W 5th St, a fantastic 7-unit property in the vibrant heart of downtown Chico! This historic multi-family residence offers prime access to the city's bustling dining, shopping, and entertainment and is just blocks away from Chico State University—an ideal location for those seeking convenience and connection to all that downtown has to offer. Several long-term tenants have called this property home for years, making it an excellent investment opportunity. Don’t miss out on this rare chance to own a prime income property in downtown Chico!

Property Information

Size 4,293 SqFt
Price/SqFt $207
Lot Size 0.13 Acres
Year Built 1907
Property Type Residential Income
Zoning R3
Listing Number SN24229027
Listed 11/7/2024
Modified 11/20/2024
Listing Agent Shane Collins
Listing Office Re/Max of Chico
Total Building 2
Total Units 7

Property Features

# Electric Meters
  • 7
# Gas Meters
  • 7
# Water Meters
  • 7
Cooling
  • Wall/Window Unit(s)
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 82140.00
Gross Scheduled Income
  • 82140.00
Heating
  • Wall Furnace
Levels
  • Two
Net Operating Income
  • 67927.00
Operating Expense
  • 14213.00
Pool
  • None
Price Pe rUnit
  • 127000
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Total Expenses
  • 17811.94
Water Source
  • Public
Community Features
  • Sidewalks
  • Street Lights
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
Utilities
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected
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