Bright updated interiorsFunctional kitchensShared outdoor spacePlenty of storageOff-street parking
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.
622 days
|
121
|
8
|
Zillow last checked:
Listing updated:
Listed by:
Michael LeeDRE #022167105305703222,
Ryno Company
Source: CRMLS,MLS#: SN24217204Originating MLS: California Regional MLS
Loading...
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 4
Rooms
Room types: Family Room, Kitchen, Laundry, Living Room, Other
Other
Features: Walk-In Closet(s)
Heating
Ductless
Cooling
Ductless
Appliances
Included: Built-In Range, Dishwasher, Gas Oven, Microwave, Refrigerator, Water Heater, Dryer, Washer
Features
Ceiling Fan(s), Open Floorplan, Walk-In Closet(s)
Flooring: Laminate
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: No Common Walls
Interior area
Total structure area: 2,489
Total interior livable area: 2,489 sqft
Property
Parking
Parking features: Gravel, Off Street, Paved
Features
Levels: One
Stories: 1
Entry location: Front
Pool features: None
Spa features: None
Lot
Size: 0.3 Acres
Features: 2-5 Units/Acre, Near Public Transit, Paved, Rectangular Lot, Street Level
Details
Parcel number: 043241016000
Zoning: R1
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Quadruplex
Condition
Turnkey
New construction: No
Year built: 1908
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Features: Biking, Street Lights, Sidewalks, Urban
Location
Region: Chico
Financial & listing details
Price per square foot: $421/sqft
Tax assessed value: $545,304
Annual tax amount: $6,320
Date on market: 10/21/2024
Cumulative days on market: 622 days
Listing terms: Cash,Cash to Existing Loan,Conventional
Explore the cost of this home by adjusting the details. Changes won't be saved.
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.