1733 Hemlock Street Chico, CA 95928

$649,500 Closed

About the Property

Please Note: This property has been SOLD

Nestled in a quiet location near downtown, this extremely well-maintained 4-plex offers convenient access to highways 32 and 99. The property features a large off-street parking lot and consists of four 2-bedroom, 1-bath units, each equipped with dual pane windows, a gas wall heater and wall/window AC. One of the units has been recently renovated, showcasing vinyl flooring, new carpets, baseboards, and crown molding. Residents will appreciate the convenience of an on-site shared laundry facility. The building has been exceptionally well maintained and roof and pest clearances are on file. Don’t miss out on this turnkey investment opportunity!

Property Information

Size 2,880 SqFt
Price/SqFt $226
Lot Size 0.2 Acres
Year Built 1975
Property Type Residential Income
Zoning R-2
Listing Number SN24129484
Listed 6/24/2024
Modified 9/17/2024
Listing Agent Shane Collins
Listing Office Re/Max of Chico
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
Community Features
  • Suburban
Construction Materials
  • Stucco
Cooling
  • Wall/Window Unit(s)
Fencing
  • Wrought Iron
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 52800.00
Gross Scheduled Income
  • 52800.00
Levels
  • One
Net Operating Income
  • 38959.00
Operating Expense
  • 13841.00
Pool
  • None
Price Pe rUnit
  • 162375
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 1
Total Expenses
  • 13841.00
Views
  • Neighborhood
Water Source
  • Public
Heating
  • Natural Gas
  • Wall Furnace
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
Utilities
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected
Appliances
  • Electric Oven
  • Electric Range
  • Electric Cooktop
  • Microwave
  • Refrigerator