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Property

Chico, CA 95926 1122 W Sacramento Avenue

1122 W Sacramento Avenue Chico, CA - Image 11122 W Sacramento Avenue Chico, CA - Image 21122 W Sacramento Avenue Chico, CA - Image 3
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Presented By: Eric Stofa with Coldwell Banker C&C Properties; 530-228-9203
  • MLS# SN24237085
  • 11/22/2024
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 4
  • SQFT • 2,598
  • Year Built • 2022

Home Details

Income-Producing 4-Unit Property Near CSU Chico Located in a prime, centrally situated neighborhood just minutes from CSU Chico, this fully leased, income-generating property offers a fantastic investment opportunity. The property consists of four well-maintained units, plus billboard income, including: Two Identical 2-Bedroom, 1-Bath Units: Built in 2022, these spacious, modern units feature open-concept living areas, sleek finishes, and contemporary design elements. Perfect for tenants seeking comfort and convenience, each unit offers two bedrooms, one bathroom, dishwasher, stacked laundry, covered front/rear patios and plenty of storage space. The Duplex, with Mirrored Studio Floor Plans: Full gut and remodeled in 2022. This charming duplex offers two studio units with identical layouts, each designed for efficiency and style. Ideal for students, professionals, or short-term rentals, these units feature modern amenities and easy-to-maintain living spaces. Billboard Lease Income: An additional source of revenue is provided by the on-site billboard lease, adding even more potential for passive income. With its desirable location near CSU Chico, shopping, and grocery stores, this property offers both a steady cash flow and long-term investment potential. Built in 2022 with modern highlights throughout, including stainless steel appliances, quartz countertops, and energy-efficient systems, this property is as stunning as it is functional. Don't miss out on this rare opportunity to own a versatile, high-demand rental property in a thriving area! Key Features: 4 units: 2 x 2-bed, 1-bath and 2 x mirrored studio floor plans. Billboard lease for additional income. Centrally located near CSU Chico, shopping, and dining. High rental demand area with solid cash flow potential. Perfect for investors or those seeking a property with multiple income streams.
Presented By: Eric Stofa with Coldwell Banker C&C Properties; 530-228-9203

Interior Features for 1122 W Sacramento Avenue

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
FlooringVinyl
Heating Y/NYes
Laundry FeaturesInside
Total Stories1
Window FeaturesDoublePaneWindows

Other Rooms

Entry Level1

General for 1122 W Sacramento Avenue

Additional Parcels Y/NNo
AppliancesDishwasher, ElectricRange, GasRange, IceMaker, Microwave, TanklessWaterHeater, WaterToRefrigerator, WaterHeater
Architectural StyleContemporary, Modern
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityChico
Community FeaturesCurbs, Gutters, StreetLights, Sidewalks, Urban
Construction MaterialsDrywall, Stucco, WoodSiding
CoolingDuctless
CountyButte
Current FinancingConventional
DirectionsNord Avenue to W Sacramento Ave
DisclosuresAccessoryDwellingUnit
ElectricStandard
Electric On Property Y/NNo
Entry Location1
Exterior FeaturesLighting, RainGutters
Garage Spaces0.0
Garage Y/NNo
Gross Income68539.0
HOANo
HOA Fee$0.0
HeatingDuctless
Home Warranty Y/NNo
Insurance Expense1953.0
Interior FeaturesCeilingFans, HighCeilings, OpenFloorplan, QuartzCounters, RecessedLighting
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsSubmit
Lot Size Square Feet9148.0
Lot Size UnitsSquareFeet
MobileHomeRemainsYNNo
Net Operating Income52041.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Open Parking Spaces7.0
Operating Expense15548.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property ConditionTurnkey
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Taxes$10,668
Tenant PaysElectricity, Gas
Total Actual Rent5711.0
Trash Expense852.0
UtilitiesCableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewNeighborhood
Water Sewer Expense1175.0
Waterfront Y/NNo
Year Built2022
Year Built SourceOwner

Exterior for 1122 W Sacramento Avenue

Building Area Total2598.0
Crops Included Y/NNo
FencingWood
Foundation DetailsConcretePerimeter, Slab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesBackYard
Lot Size Acres0.21
Lot Size Area9148.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesGravel, OnSite, Private
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking7.0
Water SourcePublic

Additional Details

Price History

Justin Hughey

Price $889,000
MLS#SN24237085
List Date 11/22/2024
Property Type Multi-Family
Request Tour
Request Info

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