234 Cedar Street Chico, CA 95928

$865,000 Active

About the Property

SELLER FINANCING, NO FEES, NO POINTS OR APPRAISAL FEES. 20% down payment This opportunity will not last long for this great rental property Just around the corner from CSU Chico. Two homes on one lot each have 4 bedrooms with $5010/month income. The property has been professionally managed by Sierra Property management. Each home has been painted in the last month, and each home has a new roof in the last 14 days. The homes offer modern living areas with open floor plan to the kitchen and great room. Off street parking for at least 6 cars. Back yards are fenced with low maintenance landscaping. Don't miss out on this turnkey project within 5-minutes to CSU.

Property Information

Size 2,941 SqFt
Price/SqFt $294
Lot Size 0.21 Acres
Year Built 1993
Property Type Residential Income
Zoning C2
Listing Number SN25097745
Listed 5/1/2025
Modified 5/3/2025
Listing Agent John Wallace
Listing Office Century 21 Select Real Estate, Inc.
Total Building 2
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Water Meters
  • 1
Electric
  • 220 Volts in Kitchen
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 60120.00
Gross Scheduled Income
  • 60120.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 40770.00
Operating Expense
  • 19350.00
Parking Total
  • 6.00
Pool
  • None
Price Pe rUnit
  • 432500
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Style
  • Contemporary
Tenant Pays
  • All Utilities
Total Expenses
  • 19350.00
Uncovered Spaces
  • 6.00
Views
  • Neighborhood
Water Source
  • Public
Construction Materials
  • Frame
  • Wood Siding
Flooring
  • Carpet
  • Laminate
Community Features
  • Curbs
  • Gutters
  • Sidewalks
Fencing
  • Average Condition
  • Chain Link
  • Wood
Interior
  • Ceiling Fan(s)
  • Formica Counters
  • High Ceilings
  • Open Floorplan
Utilities
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected