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.
Sold for $425,000 on 04/16/24
Listing Provided by:
Matthew Herman DRE #01505777 530-212-7373,
Keller Williams Realty Chico Area
Bought with: Willow & Birch Realty, Inc
$425,000
1744 Oakdale St, Chico, CA 95928
4beds
3baths
2,200sqft
Duplex
Built in 1942
-- sqft lot
$436,900 Zestimate®
$193/sqft
$1,729 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: April 17, 2024 at 08:30am
Listing Provided by:
Matthew Herman DRE #01505777 530-212-7373,
Keller Williams Realty Chico Area
Bought with:
Jennifer Serna, DRE #01419600
Willow & Birch Realty, Inc
Source: CRMLS,MLS#: SN24040612
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Bedroom
- Features: All Bedrooms Down
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Electric Dryer Hookup, Gas Dryer Hookup
Features
- Unfurnished, All Bedrooms Down
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,200
- Total interior livable area: 2,200 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Front
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Size: 7,841 sqft
- Features: 6-10 Units/Acre, Back Yard, Front Yard
Details
- Parcel number: 005231005000
- Zoning: RD-1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1942
Utilities & green energy
- Sewer: Sewer Tap Paid
- Water: Public
- Utilities for property: Cable Available
Community & neighborhood
Community
- Community features: Urban
Location
- Region: Chico
Other
Other facts
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,Cal Vet Loan,1031 Exchange,FHA,Fannie Mae