1145 Hazel St, Chico, CA 95926

Property Description

Great investment opportunity with 4 units! Two single family homes and one duplex near Chico State. Located on a large corner lot between Hazel and W 12th Street sits a 3 bedroom 1 bath home with a detached garage. Behind that unit is a single 1 bedroom, 1 bathroom unit and then another free standing single story duplex with two 1 bedroom 1 bathroom units. All units are fully rented with leases extending until Summer of 2018. Back 3 units have about 10 uncovered off street unassigned parking spaces and large fenced grassy area out front. There is a covered open breezeway over the duplex, with storage rooms on the opposite side of the units, and a communal back yard area. All units have indoor laundry. The three bedroom unit does need some love, however back three units are recently updated and VERY clean. All units include gas stoves/ovens, washer and dryers and refrigerators. A few of the units have new flooring, paint, granite countertops, new cabinets, hardwood floors and updated bathrooms. Other addresses included in the sale are 524 W. 12th Street (rented for 825.00), 526 W. 12th Street (rented for 895.00), and 536 W. 12th Street (rented for 710.00). 1145 Hazel is rented at 1160.00 Great location near downtown - these units never have an issue renting. Great opportunity to live in one unit and have the other three units pay your mortgage! Rare find in this area, and a great Cap Rate!