286 E 8th Avenue Chico, CA 95926

$649,000 Active Under Contract

About the Property

Irresistible investment opportunity! In a prime location just a few blocks off the Esplanade, on the corner of 8th Avenue & Laburnum Avenue, two duplexes create an inviting garden community of 4 units; (2) two bedroom/ 1 bath units, & (2) one bedroom/ 1 bath units. Commodious units feature several updates, and residents enjoy the simplicity of walking and biking in the heart of Chico to local coffee shops & restaurants. All units were updated with energy efficient windows in 2020, and a new roof was installed on the west building. Property was connected to city sewer in 2017. These units have a solid rental history, and would be an appealing addition to any investment portfolio.

Property Information

Size 2,750 SqFt
Price/SqFt $236
Lot Size 0.21 Acres
Year Built 1951
Property Type Residential Income
Zoning R1
Listing Number SN22091245
Listed 5/4/2022
Modified 5/13/2022
Listing Agent Steve Depa
Listing Office Re/Max of Chico
Total Building 2
Total Units 4

Property Features

# Electric Meters
  • 5
# Gas Meters
  • 4
# Water Meters
  • 1
Community Features
  • Suburban
Cooling
  • Wall/Window Unit(s)
Garage Spaces
  • 0.00
Gross Income
  • 4035.00
Gross Scheduled Income
  • 49420.00
Heating
  • Wall Furnace
Net Operating Income
  • 36814.00
Operating Expense
  • 12606.00
Pool
  • None
Price Pe rUnit
  • 162250
Sewer
  • Public Sewer
Total Expenses
  • 12606.00
Water Source
  • Public
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