1531 Laurel Street, Chico, CA 95928

About this fourplex

This is an exceptional chance to own a fourplex consisting of four large 3 bedroom units making 9.22% annual rent to capital and fully net income positive. Comprising a single family home and a triplex built in 1984, this investment is fully rented with the ability to raise rents further in November. With the lack of inventory in Chico, this is an excellent chance to buy into this booming rental market. Full top to bottom remodels have been done on 3/4 units and the last one has been updated with new flooring, paint, etc. The owner has made extensive repairs and improvements to make all units easy to rent. There is no owner PG&E

Listing description from the July 2019 sale, as reported to CRMLS.

Sale history

$650,000

Sold July 2019 · listed $645,000, on market June 2019 · MLS #SN19132826 · Source: CRMLS

Listing Agent: Constance Carter · Listing Office: Catalyst Real Estate Professionals · Contact: 209-957-6700 · Bought with: General NONMEMBER · CRMLS

$417,000

Sold May 2017 · listed $450,000, on market March 2017 · MLS #CH17057248 · Source: CRMLS

Listing Agent: Ryan Vaught · Listing Office: Ryno Company · Contact: 530-343-2959 · Bought with: Ryan Vaught · Ryno Company

$363,500

Sold October 2014 · listed $375,000, on market September 2014 · MLS #CH14203382 · Source: CRMLS

Listing Agent: Kiersten Morgan · Listing Office: Crane Realty · Contact: 530-899-5360 · Bought with: Non-Member Agent CHICO · Non-Member Office CHICO

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