For more information regarding the value of a property, please contact us for a free consultation.
1744 Oakdale ST Chico, CA 95928
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $425,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SN24040612
Sold Date 04/16/24
HOA Y/N No
Year Built 1942
Lot Size 7,840 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, All Bedrooms Down
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Urban
Utilities Available Cable Available
View Y/N No
View None
Roof Type Asphalt
Total Parking Spaces 2
Private Pool No
Building
Lot Description 6-10 Units/Acre, Back Yard, Front Yard
Story 1
Entry Level One
Sewer Sewer Tap Paid
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 005231005000
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA, Fannie Mae
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA, Fannie Mae
Financing FHA
Special Listing Condition Standard
Read Less
Bought with Jennifer Serna Willow & Birch Realty, Inc
Whether it's finding the perfect place to call home,
Selling the home that no longer fits your needs,
Or strategically investing to build a secure future.
I'm here to help you make the right move at the right time.
Let's talk about your real estate goals.