Movoto Real Estate
Sold on 03/08/2024
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511 W 5th St, Chico, CA 95928

$745,000

Last sold 03/08/2024 after 88 Days

  • —

    bed

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    bath

Multi-family not for sale

About 511 W 5th St

Property type Multi-family
Neighborhood
Year built 1929
HOA fee $0/month
Lot size 5,663 Sqft
Parking 3 garage spaces
Rental estimate
Property description
This charming duplex is a rare find. This student property is located in Downtown, practically across the street from CSUC. It is 100% occupied and has been meticulously maintained by one owner over decades. Recent updates include new paint, new custom front doors, new water heater, and new high efficiency ducted split HVAC for each unit. The property also has rear off street parking and a garage. Interior features include wood floors, period style finishes, washer/dryer in both units, and all appliances included. The property is located near Downtown and CSUC, close to public transportation, shopping, and dining. It is a great rental income potential and perfect investment opportunity. It’s one of a kind! Additionally units may be built in rear where garage is located, buyer to verify. Seller financing may be available. Some photos were taken prior to new doors, HVAC and paint. Full investment package and financials in supplemental documents.
Listed by
Listing Agent - Ryan Vaught
Listing Agent Contact: Ryan.vaught@rynocompany.com
Listing Office - Ryno Company
Source: CRMLS mls logo
MLS#SN23224261 • last updated 2 years ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Duplex
Status Closed
Lot Size (Acres) 0.13
Lot Size (SqFt) 5663
Year Built 1929
Interior
Exterior
Building Area Square Feet, 2465
Parking Assigned
# Parking Spaces 3
# Garage Spaces 3
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Inclusions Washers, Dryers, Fridges
Pool None
Location
County Butte
Community Features Gutters
Directions Cross Streets: Chestnut
APN 4213005000
Multifamily Details
Expense: Trash 900
Operating Expense 10921
Expense: Insurance 1500
Total Expenses 10921
Expense: Maintenance 2500
Expense: Water/ Sewer 1800
Gross Income 4340
Gross Multiplier 13
Gross Scheduled Income 52080
Expense: Gardener 1800
Rental est.: $662/month
Gross rent multiplier: 93.8
  • Mar 2024
    mls logo MLS # SN23224261
  • Mar 11, 2024 Sold
    $745,000 (-3.9%)
  • Jan 23, 2024 Pending
    —
  • Dec 11, 2023 Listed
    $775,000
  • 511 W 5th St
    $745K
  • South Campus
    $357K +13% y/y
  • 95928
    $479K +2% y/y
  • Chico
    $489K +3% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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