23 Morning Rose Way, Chico, CA 95928

Property Description

Chico is in high demand for rentals. A solid cap rate of 4%, with a real upside - as the rents should total $3,200 per mo. as per local property manager. This duplex is upscale, with open concept living areas, big kitchens with lots of storage and counter space, granite counters throughout, your own stack laundry, private and fenced little yards and private garages. All appliances stay. You do not need to hold back money - to fix up these units. This duplex is move-in ready, having been nicely maintained and being just 9 years old. All systems are go for the plumbing, electrical, roofing, heat and air, solar panels and landscaping. These do not feel like rentals. The lower unit feels like a one story home. The upper unit has a spacious, ground level entry hall, with a big storage closet and garage access with a nice interior stairway to the upper living space. Good location is near regional shopping center, freeway access, popular Bidwell Park and Marsh Jr High. Leased Tesla solar for both units, makes electricity very affordable. You buy your electric from Tesla, for less than cost of PGE - no other fee. Both units are now rented, one tenant has been there for 9 years. Leases could be up June 14th and July 22nd. Rents could go up. These beautiful homes with low maintenance inside and out, are for sale at under $205 per sq. ft. Where can you find a fully loaded, 2010 built home, in Chico, for that price? This is private property! NO HOA!