1648 Normal Avenue

Chico, CA 95928

$670,000
Price
7
Beds
4
Baths
2,200 Sq. Ft.
$305 / Sq. Ft.
2,200
Sq. Ft.
$305
per Sq. Ft.

Description

Well maintained 4-Plex in the Barber District of Chico. 3 Minute drive to Downtown and 5 minute drive to CSU Chico, makes this a desirable rental option for many tenants. This property has been professionally managed, keeping rents at market value and professionally maintaining all units. All units are currently rented with year leases and have had great rental history. Owner pays for Trash and Water. Roof is one year old.Well maintained 4-Plex in the Barber District of Chico. 3 Minute drive to Downtown and 5 minute drive to CSU Chico, makes this a desirable rental option for many tenants. This property has been professionally managed, keeping rents at market value and professionally maintaining all units. All units are currently rented with year leases and have had great rental history. Owner pays for Trash and Water. Roof is one year old.
  1. Listed by Casey Smyth • DRE #01941937 • Brokerage DRE #01946759 • NextHome North Valley Realty • 530-864-8262

Property Details for 1648 Normal Avenue

View
Neighborhood
Parking Spaces Total
0
Private Pool
No
Cooling Type
Wall/Window
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2200

Location

Listing Courtesy of NextHome North Valley Realty, Casey Smyth, DRE #01941937
Add your commute
LISTING UPDATED: 03/07/2024 03:13 AM

Property Details for 1648 Normal Avenue

StatusActive
MLS #SN23161876
Days on Compass231
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.13 AC / 5,663 SF
CountyButte County

Location

Listing Courtesy of NextHome North Valley Realty, Casey Smyth, DRE #01941937
Add your commute

Building Information for 1648 Normal Avenue

Stories1Residences-Year Built1950Building Size-Lot Size0.13 AC / 5,663 SF

Payment Calculator

$4,112 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,656

Property Taxes

$456

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1648 Normal Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $52,500
  • Gross Scheduled Income: $52,500
  • Gross Spendable Income: $52,500
  • Gross Operating Income: $52,500
  • Net Operating Income: $33,475
  • Number Of Rented Garages: 0
  • Laundry Income: $0
  • Gross Multiplier: 10.85
  • Cap Rate: 5.0
Expense Details
  • Operating Expense: $19,025
  • New Taxes Expense: $20
  • Gardener Expense: $1,265
  • Pest Control Expense: $810
  • Insurance Expense: $1,668
  • Professional Management Expense: $4,626
  • Trash Expense: $877
  • Water Sewer Expense: $1,792
  • Total Expenses: $11,058
Tax / Assessment Info
  • Tax Block: 19
  • Tax Census Tract: 12.00
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 14
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Street Lights
Property / Structure Info
Interior Features
  • Appliances: Water Heater
  • Equipment: Other
  • Room Type: Kitchen, Living Room
  • Laundry: Yes
  • Laundry Features: See Remarks
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: Living Room, Wood Burning
  • Fireplace Rooms: Living Room
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Vinyl, Wood
Exterior Features
  • Construction Materials: Vinyl Siding
  • Exterior: Vinyl
  • Exterior Features: Rain Gutters
  • Roof: Composition
  • Entry Location: Front Door
  • Fence: Yes
  • Fence: Partial
  • Fencing: Partial
  • Foundation Details: Raised
  • Other Structures: Outbuilding
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage: On street
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Gravel, Street
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,595
  • Unit Type Total Rent: $1,595
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,050
  • Unit Type Total Rent: $1,050
  • Unit Type Pro Forma: 1150
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $880
  • Unit Type Total Rent: $880
  • Unit Type Pro Forma: 925
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $850
  • Unit Type Total Rent: $850
  • Unit Type Pro Forma: 925
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number With Carpet: 0
  • Number With Patio: 1
  • Number Wall AC: 4

Property History for 1648 Normal Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1648 Normal Avenue

Taxable ValueLand$136,651Additions$352,143Total$488,794
Tax Record2023$5,476 ($456 / month)
Home Facts
Baths1Total Finished SqFt1,208 SqFtAbove Grade Finished SqFt1,208 SqFtStories1Lot Size5,662 SqFtStyleMulti-Family Dwelling (2-4)Year Built1950ZoningRD-1CountyBUTTEAPN005-195-004-000Fireplace TypeHas Fireplace

Schools near 1648 Normal Avenue

This home is within Chico Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Chapman Elementary School
PublicK to 5

Chico Junior High School
Public6 to 8

Chico High School
Public9 to 12

Chico Country Day School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1648 Normal Avenue is a multi-family home for sale in Chico, CA 95928. This property was listed for sale on September 14, 2023 by NextHome North Valley Realty, it's currently listed at $670,000. It has been on the market for a total of 231 days and was last sold on November 4, 2019. This listing's school district is Chico Unified School District. Nearby schools include Chapman Elementary School, Chico Junior High School and Chico High School. 1648 Normal Avenue is a 7-bed, 4-bath, 2,200 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NextHome North Valley Realty, Casey Smyth, DRE #01941937

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.