1122 Stewart Avenue
Description
• 4 units with functional layouts
• Prime location near Chico State, shopping, and dining
• Strong rental history with excellent income potential
• Off-street parking and shared outdoor spaces
• Ideal for investors seeking stable, long-term returns
• Potential to add an additional unit at the rear of the property (utilities already trenched)
• Recent extensive remodel of each unit including roof, and all appliances, flooring, cabinets, bathrooms
• New mini split air conditioning (3 years old) in each unit
• Washer and dryer in all units except unit 2
Whether you're looking for a property with reliable rental income
or a low-maintenance addition to your investment portfolio, 1122 Stewart Ave is the perfect choice. Mortgage may be transferable at discretion of lender. Please do not disturb tenants. No showings without an accepted offer.
- Listed by Michael Lee • DRE #02216710 • Brokerage DRE #01859198 • Ryno Company • 5305703222
Property Details for 1122 Stewart Avenue
Property Details for 1122 Stewart Avenue
| Status | Active |
|---|---|
| MLS # | SN24217204 |
| Days on Compass | 62 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1908 |
| Lot Size | 0.30 AC / 13,068 SF |
| County | Butte County |
Building Information for 1122 Stewart Avenue
Property Information for 1122 Stewart Avenue
- Gross Income: $0
- Gross Scheduled Income: $78,000
- Vacancy Allowance: 1560
- Gross Operating Income: $76,440
- Net Operating Income: $47,481
- Current Financing: Conventional
- Operating Expense: $28,959
- Fuel Expense: $0
- Electric Expense: $120
- Insurance Expense: $2,500
- Trash Expense: $1,200
- Water Sewer Expense: $1,200
- Total Expenses: $28,959
- Tax Census Tract: 5.02
- CFD/Mello-Roos Fee: $0
- Tax Lot: 39
- Community Features: Biking, Sidewalks, Street Lights, Urban
- Appliances: Built-In Range, Dishwasher, Gas Oven, Microwave, Refrigerator, Water Heater
- Equipment: Dishwasher, Dryer, Dryer Included, Microwave, Refrigerator, Washer, Washer Included
- Interior Features: Ceiling Fan(s), Open Floorplan
- Room Type: Family Room, Kitchen, Laundry, Living Room, Walk-In Closet
- Bedroom Features: WalkInCloset
- Laundry: Yes
- Laundry Features: Dryer Included, Washer Included
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: Ductless
- Heating Type: Ductless
- Heating: Ductless
- Flooring: Laminate
- Entry Location: Front
- Property Condition: Turnkey
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Spa Features: None
- Lot Features: 2-5 Units/Acre, Level with Street, Rectangular Lot, Near Public Transit, Paved
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Topography: Level
- Levels: One
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking: Yes
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Parking Features: Gravel, Paved, Off Street
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Actual Rent: $1,695
- Unit Type Pro Forma: 1895
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Actual Rent: $1,195
- Unit Type Pro Forma: 1295
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Actual Rent: $1,595
- Unit Type Pro Forma: 1695
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Actual Rent: $1,595
- Unit Type Pro Forma: 1695
- Unit Type Type: 4
- Rent Controlled: No
- Number Of Buildings: 4
- Number Of Separate Electric Meters: 4
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 4
Property History for 1122 Stewart Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1122 Stewart Avenue
Schools near 1122 Stewart Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
Emma Wilson Elementary School PublicK to 5 | ||
Chico Junior High School Public6 to 8 | ||
Chico High School Public9 to 12 | ||
Rosedale Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Ryno Company, Michael Lee, DRE #02216710
Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.