569 E 7th Avenue Chico, CA 95926

$698,500 Active

About the Property

Don’t miss this incredible investment opportunity in a highly desirable avenue location of Chico! This well-maintained fourplex features two spacious downstairs units, each offering 3 bedrooms, 1 bath, an open floor plan, a bright and inviting living room, and a cozy kitchen that flows seamlessly into the dining area. The dining rooms open to charming patios and private fenced yards, perfect for outdoor relaxation. Unit A has just been upgraded with quartz countertops, laminate flooring, new light fixtures, stainless steel appliances, new sinks, faucets, a new shower head, and fresh interior paint. The two upstairs units each feature 2 bedrooms, 1 bath, a generously sized living room, and a cozy kitchen that opens to the dining area. Sliding glass doors of the dining room lead to a quaint balcony, ideal for enjoying morning coffee or evening barbecues. The unit D was remodeled in 2023. According to the seller, " A new roof was installed a year ago and all the fences were replaced 3 years ago ". All units are equipped with central heat and air and have their own individual water heaters. Located near downtown Chico, Bidwell Park, CSUC, Enloe Hospital, coffee shops, and shopping, this property offers convenience and charm in one package. Whether you’re an investor looking for a solid income-producing asset or a buyer looking for a multi-unit opportunity, this fourplex is a must-see! Schedule your private showing today!

Property Information

Size 2,078 SqFt
Price/SqFt $336
Lot Size 0.25 Acres
Year Built 1986
Property Type Residential Income
Zoning CITY
Listing Number SN25062269
Listed 3/24/2025
Modified 3/25/2025
Listing Agent Effie Khaki
Listing Office Century 21 Select Real Estate, Inc.
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 5
# Gas Meters
  • 5
# Water Meters
  • 1
Exterior
  • Rain Gutters
Fencing
  • Wood
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 56418.00
Gross Scheduled Income
  • 56418.00
Levels
  • Two
Net Operating Income
  • 53210.00
Operating Expense
  • 3208.00
Pool
  • None
Price Pe rUnit
  • 174625
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Style
  • Contemporary
Total Expenses
  • 7536.00
Views
  • Neighborhood
Water Source
  • Public
Construction Materials
  • Stucco
  • Wood Siding
Cooling
  • Central Air
  • Electric
Heating
  • Central
  • Natural Gas
Interior
  • Ceiling Fan(s)
  • Quartz Counters
Utilities
  • Electricity Connected
  • Natural Gas Connected
Flooring
  • Carpet
  • Laminate
  • Vinyl
Community Features
  • Curbs
  • Gutters
  • Street Lights
  • Urban
Appliances
  • Dishwasher
  • Electric Oven
  • Electric Range
  • Microwave
  • Range Hood
  • Refrigerator