433 W 8th Street Chico, CA 95928

$500,000 Active

About the Property

Here is your chance to own a prime rental property that has outstanding rental history! Located just blocks from Chico State and Downtown Chico, this two unit property features a main home with four bedrooms, two full bathrooms, and a detached ADU studio, and a pool. The main home is spacious with tall ceilings, dual pane windows, newer laminate flooring in the main living spaces, and newer kitchen appliances. The main home also features a large basement that could be utilized for storage or potential expansion. The ADU is set back on the property, cozy under the trees but has plenty of natural light with lots of windows and skylights. There is off street parking available for two vehicles as well. Current rents are $3,200 for the main home and $850 for the ADU. Jump into ownership with this property!

Property Information

Size 1,720 SqFt
Price/SqFt $291
Lot Size 0.2 Acres
Year Built 1950
Property Type Residential Income
Zoning R3
Listing Number SN25014952
Listed 1/21/2025
Modified 1/21/2025
Listing Agent Hobie Jensen
Listing Office Parkway Real Estate Co.
Total Building 2
Total Units 2

Property Features

# Electric Meters
  • 2
# Gas Meters
  • 2
# Units Leased
  • 2
# Water Meters
  • 1
Construction Materials
  • Wood Siding
Cooling
  • Central Air
Fencing
  • Wood
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 41350.00
Gross Scheduled Income
  • 41350.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 20613.35
Operating Expense
  • 20736.60
Price Pe rUnit
  • 250000
Roofing
  • Shingle
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Style
  • Craftsman
Total Actual Rent
  • 4050.00
Total Expenses
  • 20736.65
Views
  • Neighborhood
Water Source
  • Public
Appliances
  • Dishwasher
  • Gas Range
Flooring
  • Carpet
  • Laminate
Pool
  • Private
  • Gunite
Utilities
  • Electricity Connected
  • Natural Gas Connected
Interior
  • Ceiling Fan(s)
  • Formica Counters
  • High Ceilings
Tenant Pays
  • Cable TV
  • Electricity
  • Gas
Community Features
  • Curbs
  • Gutters
  • Street Lights
  • Urban