467 E 22nd Street
- Investment opportunity near Sierra Nevada Brewing Co. in Chico, CA.
- Zoned R1 on a ±6,489 square foot parcel.
- Off street parking plus additional income from fenced lot.
- Current cap rate of 5.46 percent with stable demand.
Property Description
467 E 22nd Street in Chico, CA is a ±1,284 square foot duplex situated on a ±6,489 square foot parcel and zoned R1. Located in the Chapman Town neighborhood, the property consists of two 2 bedroom, 1 bathroom units with functional floor plans, comfortable living areas, and ample natural light. The layout supports consistent rental demand and ease of maintenance. The property also includes off street parking and an adjacent fenced lot that is currently rented, providing additional income. The asset is offered with a current cap rate of 5.46 percent.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $305,000 |
| No. of Units: | 2 |
| Average Occupancy: | 5.46 |
| Year Built: | 1956 |
| Lot Size: | 0.15 Acres |
| Opportunity Zone: | No |
| Price per unit: | $152,500 |
| Property Website | Click Here |
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