2950 Jolyn Way Chico, CA 95973

$590,000 Active

About the Property

Duplex in Highly Desirable Morseman Village – A Prime Investment Opportunity! This well-maintained duplex offers an excellent investment opportunity in one of the most sought-after neighborhoods in Morseman Village. Here’s a breakdown of the key features: Property Features: Unit A: 3 Bedrooms / 2 Bathrooms Attached 1-Car Garage Laundry Hookups Fully Fenced Yard Unit B: 2 Bedrooms / 2 Bathrooms Attached 1-Car Garage Laundry Hookups Fully Fenced Yard (recently updated with new paint and vinyl plank flooring in the dining, kitchen, and bathrooms) Additional Highlights: Location: Positioned at the end of a cul-de-sac on a spacious lot with mature trees, offering a serene and private setting. Generously Sized Yards: Both units feature large, fully fenced yards, perfect for outdoor activities and privacy. HOA: $164/month, covering front yard maintenance. This ensures beautifully maintained lawns, tree-lined streets, sidewalks, and streetlights, creating a pleasant, welcoming neighborhood atmosphere. Long-Term Value: With steady value appreciation in this desirable area, this property offers not just rental income potential but long-term capital growth. Ideal Investment: This duplex is a fantastic opportunity for investors looking for a property in a growing neighborhood with a strong potential for future appreciation. With the possibility of rental income from both units, it's a great option for maximizing returns. The well-kept units, HOA amenities, and prime location make this property a smart and desirable choice.

Property Information

Size 2,426 SqFt
Price/SqFt $243
Lot Size 0.42 Acres
Year Built 1978
Property Type Residential Income
Listing Number SN24251268
Listed 12/18/2024
Modified 12/20/2024
Listing Agent Robert Jeffries
Listing Office Re/Max of Chico
Total Building 1
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Water Meters
  • 1
Accessibility Features
  • None
Cooling
  • Central Air
Electric
  • 220 Volts in Laundry
Fencing
  • Wood
Garage Spaces
  • 1.00
Gross Income
  • 38400.00
Gross Operating Income
  • 38400.00
Gross Scheduled Income
  • 38400.00
Levels
  • One
Net Operating Income
  • 32151.00
Operating Expense
  • 6249.00
Parking Total
  • 1.00
Pool
  • None
Price Pe rUnit
  • 295000
Roofing
  • Composition
Sewer
  • Unknown
Spa
  • None
StoriesTotal
  • 1
Total Expenses
  • 6249.00
Views
  • Neighborhood
Water Source
  • Public
Fireplace
  • Living Room
  • Wood Burning
Heating
  • Central
  • Natural Gas
Interior
  • Beamed Ceilings
  • Formica Counters
Utilities
  • Electricity Connected
  • Natural Gas Connected
Construction Materials
  • Brick
  • Stucco
  • Wood Siding
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
Community Features
  • Biking
  • Curbs
  • Dog Park
  • Gutters
  • Park
  • Sidewalks
  • Storm Drains