Chico, CA 95928 1001 Salem Street
$509,000
11 more
Presented By: Tamara Lambert with Thrive Real Estate Company; 530-520-5777
- MLS# SN25099724
- 05/07/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 3
Baths • 3
SQFT • 2,032
Home Details
Charming Tri-Plex Near Chico State - Recently Remodeled & Rented! Opportunity knocks with this clean and well-maintained tri-plex in a prime Chico location! Just minutes from Chico State, Historic Downtown, and local dining and shopping, this property features three separate units - each with its own fenced backyard and shaded by mature trees. The first unit is a 2-bedroom, 1-bathroom; the second is a 1-bedroom, 1-bathroom, and the third is a cozy studio. Two of the units have been recently remodeled, and all units have been rented to long-term tenants, offering immediate income potential. Whether you're looking to live in one and rent the others or expand your investment portfolio, this is a smart buy you don't want to miss! Tenant-Occupied - Showings by APPOINTMENT ONLY!
Presented By: Tamara Lambert with Thrive Real Estate Company; 530-520-5777
Interior Features for 1001 Salem Street
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringCarpet, Laminate
Heating Y/NYes
Laundry FeaturesNone
Total Stories1
Window FeaturesBlinds, DoublePaneWindows, Screens
Other Rooms
Entry Level1
General for 1001 Salem Street
AccessibilityLowPileCarpet, None
Additional Parcels Y/NNo
AppliancesFreeStandingRange, GasOven, GasRange, Refrigerator, SelfCleaningOven, VentedExhaustFan
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityChico
Community FeaturesCurbs, Gutters, Suburban, Sidewalks
CoolingWallWindowUnits
CountyButte
DirectionsFrom W 9th St, Turn Right onto Salem St, Property is on the Left.
Electric On Property Y/NNo
Entry Location1
ExclusionsTenants Personal Property
Garage Spaces0.0
Garage Y/NNo
Gross Income35854.0
HOANo
HOA Fee$0.0
HeatingNaturalGas, WallFurnace
Home Warranty Y/NNo
Insurance Expense2291.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan
Lot Size Square Feet7840.8
Lot Size UnitsAcres
MobileHomeRemainsYNNo
Net Operating Income9855.0
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
Operating Expense25999.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsTrust
Standard StatusActive
StatusActive
Stories1
Tax Lot6
Taxes$4,126
Tenant PaysElectricity, Gas
Total Actual Rent2857.0
Trash Expense918.0
UtilitiesElectricityConnected, WaterConnected
ViewNeighborhood
Water Sewer Expense2671.0
Year Built1981
Year Built SourceAssessor
ZoningR3
Exterior for 1001 Salem Street
Building Area Total2032.0
Crops Included Y/NNo
Exterior AmenitiesLighting, RainGutters
FencingWood
Foundation DetailsSlab
Gulf-FrontNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesBackYard, FrontYard, Lawn, NearPublicTransit, RectangularLot, StreetLevel
Lot Size Acres0.18
Lot Size Area0.18
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesConcrete, Driveway, DrivewayUpSlopeFromStreet, OnSite, OneSpace
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking4.0
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate