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    1252 Warner Street

    Chico, CA 95926
    • $1,295,000
    • STATUS: ACTIVE
    • ON SITE: 109 days
    • ID#: 302914688
    UPDATED: 52 min ago
    $1,295,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1980
    County:

    School Ratings & Info

    Description

    Whats better than predictable cash flow in a fast-growing town? Dont hesitate to act on this solid income-producing asset which has been able to grow rents year over year, every single year, for the last 3 years. Impeccable interior remodel allows tenants to live in luxury, without paying luxury prices. Absolutely turnkey and low maintenance, Water-efficient landscape, and minimal owner-payed PGE bill keeps expenses minimal and predictable, dropping cold hard cash straight to your bottom line. Just blocks Whats better than predictable cash flow in a fast-growing town? Dont hesitate to act on this solid income-producing asset which has been able to grow rents year over year, every single year, for the last 3 years. Impeccable interior remodel allows tenants to live in luxury, without paying luxury prices. Absolutely turnkey and low maintenance, Water-efficient landscape, and minimal owner-payed PGE bill keeps expenses minimal and predictable, dropping cold hard cash straight to your bottom line. Just blocks away from Enloe hospital, Chico State, restaurants, and shopping. The scarcity of affordable studios, and sharply increasing demand makes this property a trophy asset that cannot be replicated. Due to recent events in surrounding locations, increased demand for housing in Chico, combined with hindered supply, provides even more upward lift for future rent growth. The recession-resistant Chico rental market has 2 colleges, the biggest hospital north of Sacramento, and a budding tech and startup scene. Chico is a hidden gem of California, and is an ultra-attractive destination for young professionals and families moving outside of cities, seniors looking for a glorious retirement location, as well as students looking for an unparalleled college experience. Do not miss the opportunity to get in on a cash-flowing hard asset of this caliber that will pay dividends for years and years regardless of election and economic turbulence.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sandiegoareahomesforsale.co/homes/110826644
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    1252 Warner Street Chico, CA 95926

    • Price: $1,295,000
    • Status: ACTIVE
    • Updated: 52 min ago
    • ID#: 302914688
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    1980
    Built
    Neighborhood:
    Chico (95926)
    County:
    Butte
    Area:
    Chico (95926)
    Property Description
    Whats better than predictable cash flow in a fast-growing town? Dont hesitate to act on this solid income-producing asset which has been able to grow rents year over year, every single year, for the last 3 years. Impeccable interior remodel allows tenants to live in luxury, without paying luxury prices. Absolutely turnkey and low maintenance, Water-efficient landscape, and minimal owner-payed PGE bill keeps expenses minimal and predictable, dropping cold hard cash straight to your bottom line. Just blocks Whats better than predictable cash flow in a fast-growing town? Dont hesitate to act on this solid income-producing asset which has been able to grow rents year over year, every single year, for the last 3 years. Impeccable interior remodel allows tenants to live in luxury, without paying luxury prices. Absolutely turnkey and low maintenance, Water-efficient landscape, and minimal owner-payed PGE bill keeps expenses minimal and predictable, dropping cold hard cash straight to your bottom line. Just blocks away from Enloe hospital, Chico State, restaurants, and shopping. The scarcity of affordable studios, and sharply increasing demand makes this property a trophy asset that cannot be replicated. Due to recent events in surrounding locations, increased demand for housing in Chico, combined with hindered supply, provides even more upward lift for future rent growth. The recession-resistant Chico rental market has 2 colleges, the biggest hospital north of Sacramento, and a budding tech and startup scene. Chico is a hidden gem of California, and is an ultra-attractive destination for young professionals and families moving outside of cities, seniors looking for a glorious retirement location, as well as students looking for an unparalleled college experience. Do not miss the opportunity to get in on a cash-flowing hard asset of this caliber that will pay dividends for years and years regardless of election and economic turbulence.
    Exterior Features

    Pool N/K Site Sidewalks

    Property Features

    Annual Expense Actual 30567 Buildings 1 Gross Scheduled Income Actual 100560 Terms CashConventionalExchange Zoning Assessor

    Listing provided courtesy of Re/Max Of Chico. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Steven G. Fraioli & Associates
    13176 Midbluff Ave
    San Diego CA, 92128