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1631 Sherman Ave

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2 homes on 1 lot, great Chico investment opportunity, or live in one home and rent out the other!! Great corner lot in the Avenues, separate gas/electric meters, separate yards, with steady income. Front house: 1950’s 3/2, good size bedrooms, garage conversion providing bonus room used as a 4th bedroom, the roof is newer, there is original hardwood floors, inside laundry, plus a bonus sunroom. Back house: 4/1 with newer vinyl, newer paint, and newer carpet. It also has a separate fenced yard space. Contact your agent today to set up your private showing!
Directions: corner of 7th Ave & Sherman Ave
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             Address: 1631 Sherman Ave Asking Price: $365,000
Lot #: Year Built: 1950
City: Chico Total Units: 2
State: California Total Bldg: 2
Zip: 95926 Floors: One
County: Butte Beds/Baths: 8 / 3
City or County Apx SqFt: 2,824
APN #: 003-423-002-000 Acres:
.18
Assessor
Additional Parcels: No Price/Unit: $182,500
Complex/Subdiv Price/Bed: $45,625
Builder: Price/SqFt: $129.25
Type: Income Property HOA names:
Status: Active HOA Dues:
Sale Type: Standard HOA Dues 2:
Zoning: R1 Rent Control: No
Senior Commu: No Laundry Equip:
Annual GSI: $33,576 Annual OE: $7,725
Monthly GSI: $ OE: $7,725
GOI: $ Gas: $
NOI: $25,851 Electric: $
Gr Spendable: $ Water/Sewer: $1,000
Garage Income: $ Trash: $
Laundry Income: $ Pool: $
Other Income 1: $ Insurance: $1,025
Other Income 2: $ Licenses: $
Other Inc. Desc: Manager: $
Gross Multiplier: 0 Prof. Mgmt: $
Cap Rate: 0 Maintenance: $
Vacancy Allow: $ Gardener: $1,200
Land Value: $ Workman's Comp: $
Improvements: $ Furniture Rplcmt: $
Personal Prop: $ Pest Control: $
Have: Supplies: $
Gross Equity: $ Cable TV: $
Present Loans: $ New Taxes: $4,500
Ann. Loan Pymt: $ Other Expense: $
On Market:
7/16/2018
Original Price: $415,000
Days On Market:
125 days
Listing History
Price Change: -$50,000
Current Price: $365,000
Get Your Gift: $1,004
Great Service and a Gift
Feel free to ask for more information, showings, or an objective opinion of value for any property. I have decades of experience selling income property here in Chico and my team and I are ready to work for you!

If you ask me to be your realtor, and you eventually purchase this property through me, I'll share $1,004 of my commission from the seller with you. I offer an incentive for buying almost any property you see here on my website with me as your realtor.

As your realtor, I will work with you to help you find the right property, guide you through the entire buying process, and be there for you after the sale. Getting some of my commission to help reduce your closing costs is just a nice bonus. Take a look at our testimonials and then let us go to work to make you that happy!

Susie Stephens
Owner, Broker, Realtor
Chico Real Estate, Inc.
1250 East Ave. Chico, Ca
530-898-1250
Contact us
Units Description
Type 1
# Units: 1 Actual Rent: $1,550
# Beds: 4 Total Rent: $1,550
# Baths: 2 Pro Forma: $1,550
Furnished: Unfurnished Garage Spaces:
0
Apx SqFt: Type: 1
Description:
Type 2
# Units: 1 Actual Rent: $1,248
# Beds: 4 Total Rent: $1,248
# Baths: 1 Pro Forma: $1,350
Furnished: Unfurnished Garage Spaces:
0
Apx SqFt: Type: 2
Description:
Number of Units With Approx Unit Sizes Unit Totals
Separate Electric Meters: 2
Separate Gas Meters: 2
Separate Water Meters: 1
Units With Ranges: 2
Units With Refrigerator: 2
# of Units Leased: 2
Total Actual Rent: $33,576
Utilities and Interior
Utilities/Electric Sewer Water
- Electricity Connected
- Natural Gas Connected
- Phone Connected

- Conventional Septic
Interior Heating Cooling
- Natural Gas
- Wall Window
Flooring Rooms Appliances
- Carpet
- Laminate
- Vinyl
- Wood
- Family Room
- Kitchen
- Gas Range
- Gas Water Heater
- Refrigerator
Door Window Accessibility Features
Laundry Fireplace Security
- Inside
- See Remarks
- None
- Carbon Monoxide Detector(s)
- Smoke Detector
Exterior
Construction Foundation Roofing
- Composition
Style Exterior Condition
Road Features Attached Structure Other Structures
- City Street
- Paved
- No
Garage/Parking Common Walls Fencing
- Driveway
- Unassigned

- No Common Walls
- Wood
Lot Pool Spa
- Corner Lot
- Front Yard
- Level with Street
- None
- None
Community Assoc. Amenities View
- Suburban
- Neighborhood
Financial
Disclosures Terms Possession
- Cash To New Loan
- See Remarks
Assessments Tenant Pays Land Lease
- Unknown
- Electricity
- Gas
- Telephone
- Trash Collection
Tax Info Price Excludes Price Includes

 
- appliances
- shed
Green
Water Conservation Energy Generation Energy Efficient
Neighborhoods, Parks and Areas
-
Listing History The current listing's status, price, and update history
Update Old Value New Value Price Change Date Time
List Date 7/16/2018
On Market Date 7/16/2018
Price $415,000 $375,000 -$40,000 8/9/2018 4:56 PM
Utilities
9/27/2018 8:26 PM
Price $375,000 $365,000 -$10,000 9/27/2018 8:26 PM
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1631 SHERMAN AVE, Chico, Ca

Information provided to the MLS courtesy of Fejes, Carolyn (Bre#: 01875522) of Re/Max Of Chico.

Please verify all information before relying on it. There may be a difference between actual and provided information. Based on information from California Regional Multiple Listing Service, Inc. as of October 09, 2018.
1631 Sherman Ave, Chico, California, 95926, was last changed by the listing agent and consequently updated here on: October 10, 2018. All Chico income property for sale and MLS data were last updated here on chicorealestate.net on: November 19, 2018 5:28 PM.