429 W 4th ST

Amazing opportunity! 429 W 4th St is a two story fraternity house and a separate studio. The historic 1907 home includes unit A and unit B. Unit A has 4 bedrooms and 2 bathrooms: three bedrooms and a bathroom upstairs and one bedroom and a bathroom downstairs. Downstairs there is also a living room, dining room, kitchen and large storage closet as well. Unit B is in the basement of the home and has three bedrooms and a bathroom. There is also a kitchen, and living area as well. Members of a reputable "dry" fraternity have been renting units A & B every year for over 10 years. Members of the fraternity pay rents to the fraternity and the fraternity pays the owner on time every time. Also on the property is a detached studio that rents consistently to other tenants, usually college students. This well maintained property is in a prime location: 2 blocks from Chico State University, 2 blocks from Downtown Chico, restaurants, shops, bars, farmers market, and Bidwell Park. The vacancy rate is 0% for units A,B & C. This property has been well maintained over the 20+ years that the current owners have owned it. There are 9 off street parking spaces, which are coveted in that area of town. Low-maintenance grounds make the property easy to care for and keep costs low. Tenants appreciate the on-site laundry which is located in a room on the back porch of unit A. Three electric meters and three gas meters make it easy for billing, and tenants pay their own utilities.