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803 Normal Ave Street

Chico, CA 95928
  • $530,000
  • STATUS: Active Under Contract
  • ON SITE: 22 Days
  • ID#: SN23040264
Under Contract
$530,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1880
County:
Butte

School Ratings & Info

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Listing Agent(s): Brent Silberbauer of Exp Realty Of California, Inc. (888-584-9427) and Ryan Vaught of Ryno Company(530-343-2959)


Description

Opportunity is knocking!! This property boasts a prime location and exceptional potential for return on investment. This 6 Bedroom, 4 Bathroom Duplex sits on the corner of W 8th St and Normal Ave, just a few blocks from Chico State University and historic Downtown Chico. The downstairs unit features 5 bedrooms, and 3 bathrooms with an indoor laundry room, and the upstairs unit features a 1 bedroom and 1 bathroom. Both units are currently occupied with potential for rent growth. There is a vacant parking lot on the south side of the property with the potential for a value-add play. It has more than enough space to build an additional dwelling unit with up to 4 bedrooms and 4 more bathrooms. With an actual capitalization rate of over 6%, this is an opportunity you do not want to miss. Reach out to your Agent today to inquire about financials and current rents.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-04-02T00:27:13.52. 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 Remax of Chico - The Laffins Real Estate Team. Licensed in the State of California, USA.
www.laffinsrealestate.com/homes/137614214
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803 Normal Ave Street Chico, CA 95928

  • Price: $530,000
  • Status: Active Under Contract
  • On Site: 22 Days
  • ID#: SN23040264
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1880
Built
County:
Butte
Property Description
Opportunity is knocking!! This property boasts a prime location and exceptional potential for return on investment. This 6 Bedroom, 4 Bathroom Duplex sits on the corner of W 8th St and Normal Ave, just a few blocks from Chico State University and historic Downtown Chico. The downstairs unit features 5 bedrooms, and 3 bathrooms with an indoor laundry room, and the upstairs unit features a 1 bedroom and 1 bathroom. Both units are currently occupied with potential for rent growth. There is a vacant parking lot on the south side of the property with the potential for a value-add play. It has more than enough space to build an additional dwelling unit with up to 4 bedrooms and 4 more bathrooms. With an actual capitalization rate of over 6%, this is an opportunity you do not want to miss. Reach out to your Agent today to inquire about financials and current rents.
Exterior Features

Exterior Features Lighting Fencing Wood Lot Features Corner LotCorners MarkedFront YardNo LandscapingNear Public TransitRectangular LotStreet LevelYard Number Of Separate Electric Meters 2 Open Parking Spaces 6 Parking Features Driveway LevelGravelOn SiteOversizedOne SpaceSide By Side Parking Total 6 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 NeighborhoodTrees/Woods View YN Yes

Interior Features

Appliances DishwasherFree-Standing RangeGas OvenGas RangeRefrigeratorSelf Cleaning OvenWater Heater Common Walls 1 Common Wall Cooling Central AirHigh Efficiency Cooling YN Yes Fireplace Features None Fireplace YN No Flooring LaminateTile Heating CentralHigh Efficiency Heating YN Yes Interior Features Ceiling Fan(S)Laminate CountersPantryPaneling/Wainscoting Window Features BlindsDouble Pane WindowsScreens

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.92 Common Interest None Community Features CurbsGutter(S)Storm Drain(S)Street LightsSidewalks Garage YN No Gross Income 51420 Gross Scheduled Income 51420 Insurance Expense 1800 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupInside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanOwner May CarrySubmit Maintenance Expense 1000 Net Operating Income 31293 New Construction YN No New Taxes Expense 6360 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 19099 Possession Close Of Escrow Property Sub Type Duplex Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 1825 Utilities Cable AvailableElectricity ConnectedOverhead Utilities Vacancy Allowance 1028 Vacancy Allowance Rate 2 Water Sewer Expense 900 Water Source Public Zoning R-P



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-04-02T00:27:13.52. 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 Remax of Chico - The Laffins Real Estate Team. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371073937-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371073937-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371073937-1.jpg
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Remax of Chico - The Laffins Real Estate Team
1834 Mangrove Ave
Chico CA, 95926
Listing Agent(s): Brent Silberbauer of Exp Realty Of California, Inc. (888-584-9427) and Ryan Vaught of Ryno Company(530-343-2959)