812 W 1st Street Chico, CA 95928

$640,000 Active

About the Property

Located just steps away from Chico State University, this property creates an outstanding investment opportunity that you will not want to let slip through your fingers. The building consists of four well-maintained units, thoughtfully designed with two on the upper level and two on the lower level. Each unit features two spacious bedrooms and a full bathroom, providing tenants with comfortable living arrangements. In addition to its strategic location and well-designed units, the property offers off-street parking at the rear, adding convenience and security for residents. A storage shed is also available, providing additional utility for tenants. With a history of reliable tenancy, this 4-plex is an appealing opportunity for investors seeking a property with consistent cash flow potential. Overall, this property is a must-see for those looking to add a valuable and low-maintenance asset to their portfolio in a prime college town location. Don’t miss out on this chance to secure a dependable investment with strong long-term appeal.

Property Information

Size 3,016 SqFt
Price/SqFt $212
Lot Size 0.17 Acres
Year Built 1905
Property Type Residential Income
Zoning R3
Listing Number SN24224209
Listed 10/30/2024
Modified 11/18/2024
Listing Agent Taylor Aksland
Listing Office EXP Realty of Northern California, Inc.
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Water Meters
  • 1
Appliances
  • Gas Range
Community Features
  • Suburban
Cooling
  • Wall/Window Unit(s)
Fencing
  • Chain Link
Fireplace
  • None
Garage Spaces
  • 0.00
Gross Scheduled Income
  • 51180.00
Heating
  • Wall Furnace
Levels
  • Two
Pool
  • None
Price Pe rUnit
  • 160000
Sewer
  • Public Sewer
StoriesTotal
  • 2
Views
  • Neighborhood
Water Source
  • Public
Flooring
  • Carpet
  • Laminate