772 Colorado Street Chico, CA 95928

$440,000 Active

About the Property

This triplex offers a fantastic opportunity with three 2-bedroom, 1-bath units on a generous .2-acre corner lot. The upstairs unit has been refreshed with laminate flooring in the main living areas, newer carpet in the bedrooms, and a bathroom update featuring a newer tub/shower insert. All units include gas ranges, ample storage, and ceiling fans for added comfort. The property would benefit from some TLC and exterior clean-up, making it a great option for investors or buyers looking to add value. With plenty of space and solid bones, there's room to enhance both the property and its potential. A great opportunity to bring your vision and make it your own!

Property Information

Size 2,142 SqFt
Price/SqFt $205
Lot Size 0.2 Acres
Year Built 1985
Property Type Residential Income
Zoning AR
Listing Number SN25034203
Listed 2/14/2025
Modified 2/15/2025
Listing Agent Heather Cooper
Listing Office Willow & Birch Realty, Inc
Total Building 1
Total Units 3

Property Features

# Electric Meters
  • 3
# Gas Meters
  • 3
# Units Leased
  • 3
# Water Meters
  • 3
Community Features
  • Street Lights
Cooling
  • Wall/Window Unit(s)
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Income
  • 22980.00
Gross Scheduled Income
  • 22980.00
Heating
  • Wall Furnace
Levels
  • Two
Net Operating Income
  • 20448.00
Operating Expense
  • 2532.00
Pool
  • None
Price Pe rUnit
  • 146667
Roofing
  • Composition
Sewer
  • Conventional Septic
Spa
  • None
StoriesTotal
  • 2
Total Actual Rent
  • 1915.00
Total Expenses
  • 2532.00
Views
  • Neighborhood
Water Source
  • Public
Interior
  • Ceiling Fan(s)
  • Formica Counters
Appliances
  • Gas Range
  • Range Hood
  • Water Heater
Flooring
  • Carpet
  • Laminate
  • Tile
Tenant Pays
  • Cable TV
  • Electricity
  • Gas