Welcome to your next great investment! This centrally located four-unit property offers incredible income potential and peace of mind, even with a unit vacant. Each unit is approximately 900 sq. ft, featuring 2 bedrooms and 1 bathroom, and rents for approximately $1,150 per month. With rental income that can cover your mortgage even if one unit is unoccupied, this property is a smart additional to any portfolio! Unit 1 has been recently updated with laminate wood flooring in the kitchen, fresh interior paint, plush carpet, and an updated bathroom featuring a brand-new shower/tub. The other units also feature updates throughout. Beyond rental income, this property includes an on-site laundry room with coin-operated machines, providing an additional revenue stream. On-site parking is available for all tenants, offering added convenience. This property is connected to City Sewer, features a newer roof, and has a history of long-term tenants. Centrally located with easy freeway access, close to schools, shopping and local amenities, this property is a gem that offers both convenience and profitability. Whether you're a seasoned investor or looking to begin building your portfolio, this 4-plex offers a rare opportunity in the heart of Chico! Schedule your showing today and start earning!
Size | 3,484 SqFt |
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Price/SqFt | $151 |
Lot Size | 0.29 Acres |
Year Built | 1979 |
Property Type | Residential Income |
Zoning | C2 |
Listing Number | SN25015903 |
Listed | 1/17/2025 |
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Modified | 1/25/2025 |
Listing Agent | Alisha Simpkins |
Listing Office | Keller Williams Realty Chico Area |
Total Building | 1 |
Total Units | 4 |
Listed by Alisha Simpkins of Keller Williams Realty Chico Area. Listing data last updated 1/30/2025 at 12:24 PM PST.
Based on information from California Regional Multiple Listing Service, Inc. as of 1/25/2025 4:29 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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