635 Chestnut Street

Chico, CA 95928

$389,950
Price
2
Beds
2
Baths
1,196 Sq. Ft.
$326 / Sq. Ft.
1,196
Sq. Ft.
$326
per Sq. Ft.

Description

Two units on one lot within walking distance to Chico State. Having a walk score of 88 and a Bike score of 97 places this student housing investment in a very desirable area targeted by investors. The front unit is a well kept 2 bedroom, 1 bath historic Sears Catalog home with hardwood floors, charming front porch and indoor laundry. Current rent is $1,750/mo. Shared backyard. The second unit is a very nice condition studio with tile flooring, currently rented for $700/mo. Excellent rental history...Two units on one lot within walking distance to Chico State. Having a walk score of 88 and a Bike score of 97 places this student housing investment in a very desirable area targeted by investors. The front unit is a well kept 2 bedroom, 1 bath historic Sears Catalog home with hardwood floors, charming front porch and indoor laundry. Current rent is $1,750/mo. Shared backyard. The second unit is a very nice condition studio with tile flooring, currently rented for $700/mo. Excellent rental history for both units. The photos of the house were taken prior to it being rented to current tenants Don't miss this unique investment opportunity.
  1. Listed by Ken Winslow • DRE #00956005 • Brokerage DRE #01996441 • Re/Max of Chico • 530-570-1021
  2. Listed by Heidi Brandt-Winslow • DRE #01441598 • Brokerage DRE #01996441 • Re/Max of Chico

Property Details for 635 Chestnut Street

Architectural Style
Cottage
View
Neighborhood
Parking Spaces Total
2
Private Pool
No
Cooling Type
Wall/Window
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor

Location

Listing Courtesy of Re/Max of Chico, Ken Winslow, DRE #00956005; Re/Max of Chico, Heidi Brandt-Winslow, DRE #01441598
Add your commute
LISTING UPDATED: 04/30/2024 01:45 AM

Property Details for 635 Chestnut Street

StatusPending
MLS #SN24074406
Days on Compass14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential Income
Year Built1927
Lot Size0.09 AC / 3,920 SF
CountyButte County

Location

Listing Courtesy of Re/Max of Chico, Ken Winslow, DRE #00956005; Re/Max of Chico, Heidi Brandt-Winslow, DRE #01441598
Add your commute

Building Information for 635 Chestnut Street

Stories1Residences-Year Built1927Building Size-Lot Size0.09 AC / 3,920 SF

Payment Calculator

$2,395 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,128

Property Taxes

$267

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 635 Chestnut Street

Rental Info
Rental Info
  • Tenant Pays: Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $19,408
  • Gross Scheduled Income: $29,400
  • Net Operating Income: $21,674
  • Gross Multiplier: 13.0
  • Cap Rate: 5.5
Expense Details
  • Operating Expense: $7,726
  • New Taxes Expense: $4,290
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,556
  • Trash Expense: $480
  • Water Sewer Expense: $1,400
  • Total Expenses: $7,726
Tax / Assessment Info
  • Tax Block: 91
  • Tax Census Tract: 10.00
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 5
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Appliances: Gas Range
  • Equipment: Room
  • Room Type: All Bedrooms Down
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Bedroom Features: All Bedrooms Down
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Laundry Location: Laundry Room
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Floor Furnace, Wall
  • Heating: Floor Furnace, Wall Furnace
  • Heat Equipment: Floor Furnace
  • Floor Coverings: Wood
  • Flooring: Wood
Exterior Features
  • Roof: Composition
  • Entry Location: 1
  • Structure Type: Duplex
  • Other Structures: Two On A Lot
  • Miscellaneous: Suburban
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Lease Considered: No
  • Number Of Units: 2
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Electric: 220 Volts in Laundry
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Architectural Style: Cottage
  • Residential Styles: Townhome
  • Residential Unit Location: No Common Walls
Unit Information
Unit 1
  • 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: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $700
  • Unit Type Total Rent: $700
  • Unit Type Pro Forma: 700
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Number With Disposal: 0
  • Number With Patio: 1

Property History for 635 Chestnut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 635 Chestnut Street

Taxable ValueLand$124,062Additions$161,282Total$285,344
Tax Record2023$3,208 ($267 / month)
Home Facts
Baths1Total Finished SqFt264 SqFtAbove Grade Finished SqFt264 SqFtStories1Lot Size3,920 SqFtStyleMulti-Family Dwelling (2-4)Year Built1981ZoningR3CountyBUTTEAPN004-218-010-000Fireplace TypeHas Fireplace

Schools near 635 Chestnut Street

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
Citrus Avenue 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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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 Re/Max of Chico, Ken Winslow, DRE #00956005; Re/Max of Chico, Heidi Brandt-Winslow, DRE #01441598

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.