1422 W 7th Street Chico, CA 95928

$312,000 Closed
  • Front House Exterior Front House Exterior
  • Front House Exterior
  • Front House
  • Front House
  • Front House
  • Front House
  • Front House
  • Front House
  • Front House
  • Front House
  • Upper Unit Entrance
  • Upper Unit
  • Upper Unit
  • Upper Unit
  • Storage Shed
  • Backyard

About the Property

Please Note: This property has been SOLD

Charming Income Property Near Chico State University – Ideal Investment Opportunity! Nestled in a quaint neighborhood on the west side of Chico, and conveniently situated near to Chico State University and the vibrant downtown Chico this income generating property is an attractive option for a variety of tenants. The charming main house features 2 bedrooms and 1 bathroom with a spacious laundry area that offers ample room for additional storage – a practical feature for tenants! Above the main house sits a bright and inviting 1 bedroom, 1 bathroom apartment. This property also offers an external storage shed sits amidst a lush, low-maintenance landscape, with off street parking. With a GSI of ~$23,500 a year, this property presents a lucrative opportunity for investors looking to expand their portfolio. PLEASE DO NOT DISTURB TENANTS.

Property Information

Size 1,150 SqFt
Price/SqFt $271
Lot Size 0.1 Acres
Year Built 1920
Property Type Residential Income
Listing Number SN24017770
Listed 1/31/2024
Modified 3/11/2024
Listing Agent Steve Depa
Listing Office Re/Max of Chico
Total Building 1
Total Units 2

Property Features

# Electric Meters
  • 1
# Gas Meters
  • 1
# Water Meters
  • 1
Community Features
  • Suburban
Cooling
  • Wall/Window Unit(s)
Garage Spaces
  • 0.00
Gross Income
  • 1960.00
Gross Scheduled Income
  • 23520.00
Heating
  • Wall Furnace
Levels
  • Two
Net Operating Income
  • 17772.00
Operating Expense
  • 5748.00
Pool
  • None
Price Pe rUnit
  • 149500
Sewer
  • Public Sewer
StoriesTotal
  • 2
Total Expenses
  • 5748.00
Water Source
  • Public