1122 Stewart Avenue, Chico, CA 95926

$1,049,000

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List Price
$1,049,000
Status
ACTIVE
MLS#
SN24217204
Year Built
1908
Lot Size
13,068
Acres
0.30
Lot Location
2-5 Units/Acre, Near Public Transit, Paved, Rectangular Lot, Street Level
Days on Market
685
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
One Level

Property Description

Exceptional four-unit investment property in a sought-after neighborhood near CSU, Chico! Located at 1122 Stewart Ave, this multi-unit property offers a fantastic opportunity for both seasoned investors and those looking to start or expand their portfolio. All four units have been recently remodeled and are well-maintained, offering a mix of comfort and convenience for tenants. The property consists of two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units with bright, updated interiors, functional kitchens, and plenty of storage. Tenants enjoy the convenience of off-street parking, and the property features a shared outdoor space that provides a peaceful environment for relaxation or entertaining. Located close to Chico State University, local shops, dining, and public transportation, this property is in a prime rental location. The consistent demand for housing in this area, along with the property’s strong rental history, makes it a wise investment with immediate income potential. Key Features: • 4 units with functional layouts • Prime location near Chico State, shopping, and dining • Strong rental history with excellent income potential • Off-street parking and shared outdoor spaces • Ideal for investors seeking stable, long-term returns • Potential to add an additional unit at the rear of the property (utilities already trenched) • Recent extensive remodel of each unit including roof, and all appliances, flooring, cabinets, bathrooms • New mini split air conditioning (3 years old) in each unit • Washer and dryer in all units except unit 2 Whether you're looking for a property with reliable rental income or a low-maintenance addition to your investment portfolio, 1122 Stewart Ave is the perfect choice. Mortgage may be transferable at discretion of lender. Please do not disturb tenants. No showings without an accepted offer.

Additional Information

Appliances
Built-In Range, Dishwasher, Gas Oven, Microwave, Refrigerator, Water Heater, Dryer, Washer
Pool Description
None
Heat
Ductless
Cooling
Yes
Cooling Description
Ductless
Sewer
Public Sewer
Water
Public
Interior Features
Ceiling Fan(s), Open Floorplan, Walk-In Closet(s)
Attached Structure
Detached
Number Of Units Total
4
Gross Scheduled Income
$78,000
Operating Expense
28959

Listing courtesy of Listing Agent: Michael Lee (michaellee1979@gmail.com) from Listing Office: Ryno Company.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.