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Listed by Matthew W Herman • Keller Williams Realty Chico Area
$ 399,000
Est. payment /mo
Pending
1744 Oakdale Street Chico, CA 95928
2,200 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $181
MLS Listing ID SN-24040612
Year Built 1942
Lot Size 7,841 Sqft
Property Sub-Type Duplex
Property Description
Solid Investment Opportunity: Duplex with Strong Rental History of almost $3000 gross rents per month. Explore this investment duplex, offering a practical entry into real estate ownership. The main house spans 1,500 sq ft with 3 bedrooms and 2 bathrooms, featuring an updated kitchen, in-unit washer and dryer, and central heat and air. It also includes a fenced backyard for outdoor activities. The second unit, an 500 sq ft studio, comes with its own washer and dryer, adding convenience for tenants. Newer roof. With a Gross Rent Multiplier (GRM) of 11, this property presents itself as a cash-flowing asset from the outset. It's an ideal choice for those looking to start or expand their investment portfolio, especially for first-time investors keen on stepping into the real estate market. This property is a capable investment that requires some attention but promises a steady income stream in a reliable rental market.
Location
State CA
County Butte
Zoning RD-1
Interior
Interior Features Unfurnished
Heating Central
Cooling Central Air
Fireplaces Type None
Inclusions Washer Dryer in both units, Refrigerator in both units
Laundry Gas & Electric Dryer Hookup
Exterior
Parking Features Gated
Garage Spaces 2.0
Pool None
Community Features Urban
Utilities Available Cable Available
View Y/N No
View None
Building
Lot Description Front Yard, 6-10 Units/Acre, Back Yard
Sewer Sewer Paid