827 W 2nd Avenue Chico, CA 95926

$324,000 Closed

About the Property

Please Note: This property has been SOLD

Prime Investment Property with Development Potential for more units! This property is located Close to Chico State, downtown and shopping. The current home offers a 4 bedroom 1 and 1/2 baths with hardwood floors, updated bathrooms, a large backyard, open floor plan and indoor laundry. It's currently rented at $2,300 per month with new tenants on a 1 year lease. This lot has the potential for additional units to be built. The seller has plans drawn for a triplex to be built on the back portion of the lot consisting of Three, Two story, 2 bedroom 2 bath units to maximize your ROI. Current home includes leased solar from Tesla to lower your tenants utility costs. This property is a great investment with the ability to expand!! Click on the 3D tour to see this home.

Property Information

Size 1,462 SqFt
Price/SqFt $222
Lot Size 0.19 Acres
Year Built 1962
Property Type Residential Income
Zoning R3
Listing Number SN20112866
Listed 6/10/2020
Modified 11/5/2020
Listing Agent Rick Sufuentes
Listing Office Parkway Real Estate Co.
Total Building 1
Total Units 1

Property Features

# Electric Meters
  • 1
# Gas Meters
  • 1
# Water Meters
  • 1
Community Features
  • Urban
Cooling
  • Central Air
Fireplace
  • See Remarks
Garage Spaces
  • 0.00
Gross Income
  • 27600.00
Gross Scheduled Income
  • 27600.00
Heating
  • Central
Levels
  • One
Net Operating Income
  • 19263.00
Operating Expense
  • 8337.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Conventional Septic
Spa
  • None
StoriesTotal
  • 1
Total Expenses
  • 8927.50
Views
  • Neighborhood
Water Source
  • Public
Appliances
  • Electric Oven
  • Electric Range
Construction Materials
  • Brick Veneer
  • Wood Siding
Fencing
  • Average Condition
  • Wood
Tenant Pays
  • Electricity
  • Gas
Electric
  • 220 Volts in Kitchen
  • 220 Volts in Laundry
  • Photovoltaics on Grid
Flooring
  • Carpet
  • Tile
  • Wood
Utilities
  • Cable Connected
  • Electricity Connected
  • Sewer Available
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