194 Panama Avenue,  Chico CA, 95973 (Residential Income)

2,110 sqft
Status: Sold
MLS#: CH16100143
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Last Updated: 12/2/2016 12:13 PM
Description for 194 Panama Avenue Chico, CA 95973
Unique investment opportunity! A 1.7 acre parcel with an existing duplex zoned Office-Residential. The duplex consists of two 2-bed, 2-bath units, with garages and private back yards. Forced-air heating and cooling, newer roof. Carpet and tile flooring, tile counter tops, and laundry hook-ups. Actually very nice units. With $500 monthly storage on the lot from 2 nearby business', this property's monthly income is $2,820. The real kicker is, the duplex can be split off, and the remaining approx 1.4 acres could be developed. Curbs, gutters and sidewalks existing, sewer in the street. Opportunity knocks rarely on a property like this!
Price
Sold Price:
$465,000
Sold Date:10/21/2016
Butte
2,110 (approx)
CH16100143
Closed
Description
Unique investment opportunity! A 1.7 acre parcel with an existing duplex zoned Office-Residential. The duplex consists of two 2-bed, 2-bath units, with garages and private back yards. Forced-air heating and cooling, newer roof. Carpet and tile flooring, tile counter tops, and laundry hook-ups. Actually very nice units. With $500 monthly storage on the lot from 2 nearby business', this property's monthly income is $2,820. The real kicker is, the duplex can be split off, and the remaining approx 1.4 acres could be developed. Curbs, gutters and sidewalks existing, sewer in the street. Opportunity knocks rarely on a property like this!
Listing Information
Property Type: Cluster, Other
1.67 Acres 7,274,500 sq.ft. 2,110 (approx)
$220.38 1951
Yes- 1 space
2 Total
Neighborhood
Room Information
Exterior / Lot Features
1 Garage Spaces, 3 Parking Spaces
Driving Directions
Esplanade north to Panama (1 block north of East Ave), east to subject property. Duplex is on corner of Panama and Rafael. Cross Streets: Esplanade, Rafael, San Jose
Financial Considerations
006054014000
$33,840 Income ,$10,898Expense
Listing Price History

Chico Real Estate

Chico is located in California. Chico, California 95973 has a population of 86,391.

The median household income in Chico, California 95973 is $42,896. The median household income for the surrounding county is $43,339 compared to the national median of $53,046. The median age of people living in Chico 95973 is 28.8 years.

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Courtesy: W.M. Campbell Real Estate Bill Campbell
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