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429 W 4th Street

Chico, CA 95928
  • $895,000
  • STATUS: Active
  • ON SITE: 48 Days
  • ID#: SN22226889
UPDATED: 42 min ago
$895,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1907
County:

School Ratings & Info

Listing Agent(s): Emmett Jacobi of Century 21 Select Real Estate, Inc. (530-345-6618)


Description

Amazing opportunity! 429 W 4th St is a two story fraternity house and a separate studio. The historic 1907 home includes unit A and unit B. Unit A has 4 bedrooms and 2 bathrooms: three bedrooms and a bathroom upstairs and one bedroom and a bathroom downstairs. Downstairs there is also a living room, dining room, kitchen and large storage closet as well. Unit B is in the basement of the home and has three bedrooms and a bathroom. There is also a kitchen, and living area as well. Members of a reputable "dry" fraternity have been renting units A & B every year for over 10 years. Members of the fraternity pay rents to the fraternity and the fraternity pays the owner on time every time. Also on the property is a detached studio that rents consistently to other tenants, usually college students. This well maintained property is in a prime location: 2 blocks from Chico State University, 2 blocks from Downtown Chico, restaurants, shops, bars, farmers market, and Bidwell Park. The vacancy rate is 0% for units A,B & C. This property has been well maintained over the 20+ years that the current owners have owned it. There are 9 off street parking spaces, which are coveted in that area of town. Low-maintenance grounds make the property easy to care for and keep costs low. Tenants appreciate the on-site laundry which is located in a room on the back porch of unit A. Three electric meters and three gas meters make it easy for billing, and tenants pay their own utilities.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-09T17:33:41.023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker C&C Properties. Licensed in the State of California, USA.
www.realestateredding.com/homes/134160879
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429 W 4th Street Chico, CA 95928

  • Price: $895,000
  • Status: Active
  • On Site: 48 Days
  • Updated: 42 min ago
  • ID#: SN22226889
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1907
Built
County:
Butte
Property Description
Amazing opportunity! 429 W 4th St is a two story fraternity house and a separate studio. The historic 1907 home includes unit A and unit B. Unit A has 4 bedrooms and 2 bathrooms: three bedrooms and a bathroom upstairs and one bedroom and a bathroom downstairs. Downstairs there is also a living room, dining room, kitchen and large storage closet as well. Unit B is in the basement of the home and has three bedrooms and a bathroom. There is also a kitchen, and living area as well. Members of a reputable "dry" fraternity have been renting units A & B every year for over 10 years. Members of the fraternity pay rents to the fraternity and the fraternity pays the owner on time every time. Also on the property is a detached studio that rents consistently to other tenants, usually college students. This well maintained property is in a prime location: 2 blocks from Chico State University, 2 blocks from Downtown Chico, restaurants, shops, bars, farmers market, and Bidwell Park. The vacancy rate is 0% for units A,B & C. This property has been well maintained over the 20+ years that the current owners have owned it. There are 9 off street parking spaces, which are coveted in that area of town. Low-maintenance grounds make the property easy to care for and keep costs low. Tenants appreciate the on-site laundry which is located in a room on the back porch of unit A. Three electric meters and three gas meters make it easy for billing, and tenants pay their own utilities.
Exterior Features

Architectural Style Victorian Carport Spaces 0 Construction Materials DrywallLap SidingShingle Siding Exterior Features Rain Gutters Fencing Wood Foundation Details Concrete PerimeterSlab Lot Features Near ParkNear Public TransitRectangular LotStreet LevelWalkstreet Number Of Separate Electric Meters 3 Open Parking Spaces 9 Parking Features GravelOff Street Parking Total 9 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type MaintainedPaved Roof Composition Spa Features None Spa YN No View Neighborhood View YN Yes

Interior Features

Accessibility Features Safe Emergency Egress From Home Appliances Gas RangeRefrigeratorWater Heater Common Walls 1 Common Wall Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetVinylWood Heating Natural GasWall Furnace Heating YN Yes Interior Features Ceiling Fan(S)High CeilingsTile Counters Window Features Double Pane Windows

Property Features

Additional Parcels YN No Cap Rate 5.52 Common Interest None Community Features BikingCurbsGutter(S)HikingStorm Drain(S)Street LightsSidewalksUrbanPark Disclosures Rent Control Exclusions Window Ac Units in Main House And BasementFraternity Signage Garage YN No Gross Income 66180 Gross Scheduled Income 66180 Insurance Expense 4769 Land Lease YN No Laundry Features Laundry RoomStacked Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Maintenance Expense 1850 Net Operating Income 49493 New Construction YN No New Taxes Expense 10168 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 16687 Property Condition Turnkey Property Sub Type Triplex Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 5515 Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 0 Water Source Public Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-09T17:33:41.023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker C&C Properties. Licensed in the State of California, USA.
 
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Coldwell Banker C&C Properties
2120 Churn Creek Rd.
Redding CA, 96002
Listing Agent(s): Emmett Jacobi of Century 21 Select Real Estate, Inc. (530-345-6618)