M
Seller's Agent in 2020
Matthew Herman
Keller Williams Realty Chico Area
(530) 212-7373
1 in this area
36 Total Sales
117 W 18th St Unit A Chico, CA 95928
Barber Yard Neighborhood
5
Beds
3
Baths
1,904
Sq Ft
6,098
Sq Ft Lot
Highlights
- Living Room
- Park
- Bungalow
- Chico Junior High School Rated A-
- Laundry Room
- Tile Flooring
About This Home
As of December 2020Turn-key GROWTH opportunity in Chico with a hard to find duplex! Current rents are significantly below market rates. This is the upside potential investment that you have been looking for. With this tight rental market, finding renters will not be a challenge. The main house is 3 bedrooms/ 2 bath with a large living room, large kitchen, washer/dryer (included), and private fenced backyard. Approximately 1090 square feet. Both bathrooms have been nicely updated along with a clean kitchen. The low maintenance modern (2003) back unit is 2 bedrooms /1 bath with all the normal amenities including a washer/dryer and sits above a 3 car garage. Approximately 814 square feet The 3 car garage is divided into a 2 stall portion used by the main house and the 1 car stall that is used by the 2/1 apartment. Low maintenance front yard. Backyards are hardscaped and fenced individually for each tenant. Great rental history with a fantastic potential upside for increasing rents over time. This is an investment that pencils. In this market every move matters There are two 3D tours for you to view. https://my.matterport.com/show/?m=DdkrBdTFBLh&brand=0 and https://my.matterport.com/show/?m=dNZKh2v4jkM&brand=0
Last Agent to Sell the Property
Keller Williams Realty Chico Area License #01505777 Listed on: 10/19/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1926
Lot Details
- 6,098 Sq Ft Lot
- No Common Walls
- Privacy Fence
- Wood Fence
- Front Yard
- Density is 6-10 Units/Acre
Parking
- 3 Car Garage
- Parking Available
- Two Garage Doors
Home Design
- Bungalow
- Turnkey
- Combination Foundation
Interior Spaces
- 1,904 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Family Room
- Living Room
Kitchen
- Electric Oven
- Electric Cooktop
- Microwave
- Dishwasher
- Formica Countertops
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Rain Gutters
Utilities
- Central Heating and Cooling System
- Heating System Uses Natural Gas
- 220 Volts For Spa
- Gas Water Heater
- Sewer Paid
- Cable TV Available
Listing and Financial Details
- Tenant pays for all utilities, cable TV, electricity, gas
- Tax Lot 6
- Assessor Parcel Number 005234007000
Community Details
Overview
- 2 Buildings
- 2 Units
Recreation
- Park
- Bike Trail
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,542
- Maintenance Expense $400
- New Taxes Expense $4,030
- Operating Expense $6,042
- Gross Income $24,000
- Net Operating Income $17,958
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/04/2020 12/04/20 | Sold | $402,000 | -6.3% | $211 / Sq Ft |
| 11/04/2020 11/04/20 | Pending | -- | -- | -- |
| 10/19/2020 10/19/20 | For Sale | $429,000 | -- | $225 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,836 | $451,013 | $169,793 | $281,220 |
| 2024 | $4,836 | $442,170 | $166,464 | $275,706 |
| 2023 | $4,777 | $433,500 | $163,200 | $270,300 |
| 2022 | $4,781 | $425,000 | $160,000 | $265,000 |
| 2021 | $4,512 | $401,000 | $130,000 | $271,000 |
| 2020 | $4,031 | $355,000 | $130,000 | $225,000 |
| 2019 | $3,870 | $340,000 | $130,000 | $210,000 |
| 2018 | $3,591 | $315,000 | $110,000 | $205,000 |
| 2017 | $3,416 | $300,000 | $110,000 | $190,000 |
| 2016 | $3,182 | $300,000 | $95,000 | $205,000 |
| 2015 | $2,962 | $275,000 | $95,000 | $180,000 |
| 2014 | $2,688 | $250,000 | $95,000 | $155,000 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Herman
-
Adam Fedeli
Buyer's Agent in 2020
Adam Fedeli
Chico Homes
(530) 680-5256
3 in this area
33 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN20220508
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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