612 W 7th Street Chico, CA 95928

$290,000 Closed

About the Property

Please Note: This property has been SOLD

Don't miss out on the chance to own a piece of Chico's charm, perfectly positioned for both convenience and profitability. Whether you're looking to invest or find a quaint home close to the excitement of Chico State campus and downtown, this 3-bedroom, 1-bath home nestled in the vibrant westside of downtown promises to be a delightful addition to your portfolio. Set on a generous lot, this property offers not just a cozy living space but also an extraordinary opportunity for expansion. The ample open space is ripe for the addition of an Accessory Dwelling Unit (ADU), unlocking the potential to significantly boost your income stream. CURRENTLY LEASED THROUGH MAY 2024-PLEASE DO NOT DISTURB TENANTS.

Property Information

Size 880 SqFt
Price/SqFt $330
Lot Size 0.13 Acres
Year Built 1901
Property Type Residential Income
Zoning R3
Listing Number SN24032375
Listed 2/16/2024
Modified 2/28/2024
Listing Agent Steve Depa
Listing Office Re/Max of Chico
Total Building 1
Total Units 1

Property Features

# Electric Meters
  • 1
# Gas Meters
  • 1
# Water Meters
  • 1
Community Features
  • Sidewalks
Cooling
  • Wall/Window Unit(s)
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 1575.00
Gross Scheduled Income
  • 18900.00
Heating
  • Wall Furnace
Levels
  • One
Net Operating Income
  • 13646.00
Operating Expense
  • 5254.00
Pool
  • None
Price Pe rUnit
  • 285000
Sewer
  • Public Sewer
StoriesTotal
  • 1
Total Expenses
  • 5254.00
Water Source
  • Public
Appliances
  • Electric Oven
  • Electric Range
Flooring
  • Carpet
  • Vinyl