Chico, CA 95928 1425 W 7th Street

$339,000

23 more

Presented By: Derek Sandgren with Helm Properties; 530-844-0505

MLS# SN24029008
02/09/2024

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Beds • 2
Baths • 2
SQFT • 1,160

Home Details

Excellent opportunity to acquire the most affordable duplex in Chico! Each unit is a 1 bed/1 bath with open living room and kitchen. There is a shared onsite laundry facility. Large fenced backyard. Low maintenance Stucco exterior and comp roof. Tenants are month to month and new owners have the ability to raise rent on day 1. Separate electrical and gas meters. Owner pays water, sewer and trash. Great investment opportunity with stabilized tenants at below market rents, allowing the opportunity to increase income by raising rents to market rate.

Presented By: Derek Sandgren with Helm Properties; 530-844-0505

Interior Features for 1425 W 7th Street

Other Interior Features

Air Conditioning Y/NYes

Basement (Y/N)No

Common WallsItem1CommonWall, NoOneAbove, NoOneBelow

Electric On Property Y/NNo

Fireplace FeaturesNone

Fireplace Y/NNo

FlooringCarpet, Vinyl

Heating Y/NYes

Laundry FeaturesCommonArea

Street SuffixStreet

Total Stories1

Other Rooms

Entry Level1

General for 1425 W 7th Street

Additional Parcels Y/NNo

AppliancesGasRange, Refrigerator

Attached Garage No

Building Area UnitsSquareFeet

Carport Spaces0.0

Carport Y/NNo

CityChico

Community FeaturesSuburban

Construction MaterialsFrame, Stucco, WoodSiding

CoolingWallWindowUnits

CountyButte

Days on Market53

DirectionsFrom Hwy 99, exit CA-32 W/ W 8 th St. R on Walnut St, L on 7 th St, R on Hickory, L on W 7 th .

Electric Expense0.0

Entry LocationMain

Fuel Expense0.0

Garage Spaces0.0

Garage Y/NNo

Gross Income16620.0

HOA0.0

HOA / Comm AssnNo

HeatingWallFurnace

Home Warranty Y/NNo

Insurance Expense1000.0

Land Lease Y/NNo

Lease Considered Y/NNo

Lease Renewal Y/NNo

LevelsOne

Listing TermsCash, Conventional

Lot Size Square Feet5227.0

MobileHomeRemainsYNNo

Net Operating Income13620.0

New ConstructionNo

Number of Units Leased2

Open Parking Spaces3.0

Operating Expense3000.0

Pool FeaturesNone

PossessionSeeRemarks

Private PoolNo

Property Attached Y/NYes

Property Sub Type AdditionalDuplex

Property SubTypeDuplex

Property TypeResidentialIncome

Rent Control Y/NNo

RoofComposition

Security FeaturesCarbonMonoxideDetectors, SmokeDetectors

Senior Community Y/NNo

SewerPublicSewer

Special Listing ConditionsStandard

Standard StatusActive

StatusActive

Stories1

Street Name7th

Tax Lot18

Tenant PaysElectricity, Gas

Total Actual Rent1385.0

Total Units2

Trash Expense840.0

UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected

View Y/NNo

Water Sewer Expense1200.0

Waterfront Y/NNo

Year Built1972

Year Built SourcePublicRecords

ZoningR3

Exterior for 1425 W 7th Street

Building Area Total1160.0

Crops Included Y/NNo

Foundation DetailsRaised

Horse Y/NNo

Irrigation Water Rights Y/NNo

Lot FeaturesLevel

Lot Size Acres0.12

Lot Size Area5227.0

Lot Size SourceAssessor

Lot Size UnitsSquareFeet

Number of Buildings1

Number of Separate Electric Meters2

Number of Separate Gas Meters2

Number of Separate Water Meters1

Open Parking Y/NNo

Parking FeaturesOnStreet

Road Surface TypePaved

SpaNo

Total Parking3.0

Water SourcePublic

Additional Details

Price History

First Team Client Services

Price $339,000

MLS#SN24029008

List Date 02/09/2024

Property Type Multi-Family

Phone 714.964.3311

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