390 Henshaw Avenue Chico, CA 95973

$950,000 Active

About the Property

This 8-unit multifamily property sits on a spacious .47-acre lot, offering a prime investment opportunity. Each unit features 2 bedrooms, 1 bath, with the convenience of laundry hookups in the bathroom. Set back from the street, the property provides ample parking and a sense of privacy for tenants. Some units have received updates, while others offer a chance to add value with improvements. Whether you're looking to expand your rental portfolio or take on a value-add project, this property has great potential. Don’t miss out on this rare opportunity in a desirable location!

Property Information

Size 3,042 SqFt
Price/SqFt $312
Lot Size 0.47 Acres
Year Built 1900
Property Type Residential Income
Listing Number SN25034253
Listed 2/14/2025
Modified 2/14/2025
Listing Agent Heather Cooper
Listing Office Willow & Birch Realty, Inc
Total Building 1
Total Units 8

Property Features

# Electric Meters
  • 8
# Gas Meters
  • 8
# Units Leased
  • 7
# Water Meters
  • 8
Cooling
  • Wall/Window Unit(s)
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 58140.00
Gross Scheduled Income
  • 58140.00
Heating
  • Wall Furnace
Interior
  • Ceiling Fan(s)
Levels
  • One
Net Operating Income
  • 55540.00
Operating Expense
  • 2600.00
Pool
  • None
Price Pe rUnit
  • 118750
Roofing
  • Composition
Sewer
  • Conventional Septic
Spa
  • None
StoriesTotal
  • 1
Total Actual Rent
  • 4845.00
Total Expenses
  • 2220.00
Views
  • Neighborhood
Water Source
  • Public
Community Features
  • Sidewalks
  • Street Lights
Flooring
  • Carpet
  • Laminate
Tenant Pays
  • Electricity
  • Gas
Appliances
  • Electric Range
  • Range Hood
  • Refrigerator
  • Water Heater