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256 E 1St Ave

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This historical Victorian home is located in the heart of Chico and a stones throw away from Chico State, Enloe and Downtown Chico. Make this beautiful home your own or use as an investment property. Rent out a few rooms here or there to cover your mortgage all while having PLENTY of room for your private space. It has been used for both! As a former bed and breakfast, this well-crafted 8 bedroom, 3.5 bath home is now fully leased bringing in an annual gross income of $54,600. This 2900+sq. ft. home still retains the charm and character it was built with. From the front porch overlooking the neighborhood, to it’s beautiful double-entry doors, up it’s grand wooden staircase to it’s rooms with double-hung windows, tall ceilings and transom windows, this home is sure to delight. The updated HVAC units are zoned for upstairs and downstairs and operate very efficiently with The Nest thermostat, keeping the electric bills between $130-$310, even in the hot summer months! There is a HUGE basement that can be used for all the additional storage you may need. The backyard and side yard are fully fenced and they offer plenty of room for outdoor fun and gardening. Possibilities are endless!
Directions: On E. 1st Ave one block away from esplanade.
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             Address: 256 E 1St Ave Asking Price: $525,000
Lot #: Year Built: 1949
City: Chico Total Units: 1
State: California Total Bldg: 1
Zip: 95926 Floors: Two
County: Butte Beds/Baths: 8 / 3
City or County Apx SqFt: 2,994
APN #: 003-102-015-000 Acres:
.19
Assessor
Additional Parcels: No Price/Unit: $525,000
Complex/Subdiv Price/Bed: $65,625
Builder: Price/SqFt: $175.35
Type: Income Property HOA names:
Status: Active HOA Dues:
Sale Type: Standard HOA Dues 2:
Zoning: RP Rent Control: No
Senior Commu: No Laundry Equip:
Annual GSI: $54,600 Annual OE: $11,816
Monthly GSI: $54,600 OE: $5,500
GOI: $ Gas: $
NOI: $49,100 Electric: $2,520
Gr Spendable: $ Water/Sewer: $1,200
Garage Income: $ Trash: $396
Laundry Income: $ Pool: $
Other Income 1: $ Insurance: $2,000
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:
1/10/2019
Original Price: $525,000
Days On Market:
11 days
Listing History
Price Change: $
Current Price: $525,000
Get Your Gift: $1,312
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 $1,312 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: $54,600
# Beds: 8 Total Rent: $54,600
# Baths: 3 Pro Forma: $54,600
Furnished: Partially Garage Spaces:
0
Apx SqFt: Type: 1
Description:
Number of Units With Approx Unit Sizes Unit Totals
Separate Electric Meters: 1
Separate Gas Meters: 1
Separate Water Meters: 1
Units With Dishwasher: 1
Units With Refrigerator: 1
# of Units Leased: 0
Total Actual Rent: $
Utilities and Interior
Utilities/Electric Sewer Water
- Cable Available
- Sewer Connected
- Water Connected

- 220V In Laundry
- Public Sewer
Interior Heating Cooling
- Built-Ins
- High Ceilings (9 Feet+)
- Partially Furnished
- Wainscoting
- Central Furnace
- Central
Flooring Rooms Appliances
- Wood
- Attic
- Basement
- Entry
- Kitchen
- Laundry
- Living Room
- Multi-Level Bedroom
- Separate Family Room
- Walk-In Closet
- Walk-In Pantry
- Gas Oven
- Gas Stove
- Microwave
- Refrigerator
Door Window Accessibility Features
- French Doors
Laundry Fireplace Security
- Individual Room
- Inside
- Outside
- Family Room
Exterior
Construction Foundation Roofing
- Composition
Style Exterior Condition
- Victorian
- Turnkey
Road Features Attached Structure Other Structures
- City Street
- Paved
- No
Garage/Parking Common Walls Fencing

- No Common Walls
- Chain Link
- New Condition
Lot Pool Spa
- 0-1 Unit/Acre
- Back Yard
- Corner Lot
- Front Yard
- Yard
- None
Community Assoc. Amenities View
- Curbs
- Sidewalks
- Neighborhood
Financial
Disclosures Terms Possession
- Submit
- Close Of Escrow
Assessments Tenant Pays Land Lease
- Cable TV
- Electricity
Tax Info Price Excludes Price Includes

 
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256 E 1St Ave is in: The Avenues - Chico Vecino
256 E 1St Ave is in: East Avenues
256 E 1St Ave
is .43 miles from:
California State University, Chico California State University, Chico
Listing History The current listing's status, price, and update history
Update Old Value New Value Price Change Date Time
List Date 1/10/2019
On Market Date 1/10/2019
14 new photos 0 14 1/10/2019 9:24 AM
Remarks 1/19/2019 1:34 PM
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~ Click on any photo below to enlarge or print it ~
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256 E 1ST AVE, Chico, Ca

Information provided to the MLS courtesy of Smyth, Kelli (Bre#: 01939578) of Nexthome North Valley Realty.

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 January 19, 2019.
256 E 1St Ave, Chico, California, 95926, was last changed by the listing agent and consequently updated here on: January 20, 2019. All Chico income property for sale and MLS data were last updated here on chicorealestate.net on: January 22, 2019 7:56 PM.