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Key Details
Sold Price $402,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SN20220508
Sold Date 12/04/20
Construction Status Turnkey
HOA Y/N No
Year Built 1926
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Turn-key GROWTH opportunity in Chico with a hard to find duplex! Current rents are significantly below market rates. This is the upside potential investment that you have been looking for. With this tight rental market, finding renters will not be a challenge. The main house is 3 bedrooms/ 2 bath with a large living room, large kitchen, washer/dryer (included), and private fenced backyard. Approximately 1090 square feet. Both bathrooms have been nicely updated along with a clean kitchen. The low maintenance modern (2003) back unit is 2 bedrooms /1 bath with all the normal amenities including a washer/dryer and sits above a 3 car garage. Approximately 814 square feet The 3 car garage is divided into a 2 stall portion used by the main house and the 1 car stall that is used by the 2/1 apartment. Low maintenance front yard. Backyards are hardscaped and fenced individually for each tenant. Great rental history with a fantastic potential upside for increasing rents over time. This is an investment that pencils. In this market every move matters There are two 3D tours for you to view. https://my.matterport.com/show/?m=DdkrBdTFBLh&brand=0 and https://my.matterport.com/show/?m=dNZKh2v4jkM&brand=0
Location
State CA
County Butte
Zoning RD-1
Rooms
Ensuite Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Interior
Interior Features Ceiling Fan(s), Laminate Counters, Pantry, All Bedrooms Down, Main Level Master
Laundry Location Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup
Heating Central, Natural Gas
Cooling Central Air
Flooring Carpet, Laminate, Tile
Fireplace No
Appliance Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Gas Water Heater, Microwave, Refrigerator, Water Heater, Dryer, Washer
Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Garage Door-Multi, Door-Single, Garage, On Site
Garage Spaces 3.0
Garage Description 3.0
Fence Privacy, Wood
Pool None
Community Features Biking, Gutter(s), Park, Storm Drain(s), Sidewalks
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Water Available, Water Connected
View Y/N No
View None
Parking Type Door-Multi, Door-Single, Garage, On Site
Total Parking Spaces 3
Private Pool No
Building
Lot Description 6-10 Units/Acre, Front Yard
Story 1
Entry Level One,Two
Foundation Combination
Sewer Public Sewer, Sewer Tap Paid
Water Public
Architectural Style Bungalow
Level or Stories One, Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 005234007000
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, Fannie Mae, Freddie Mac, Government Loan, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, FHA, Fannie Mae, Freddie Mac, Government Loan, VA Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Adam Fedeli • Chico Homes
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960