Duplex with Private
968 Cyndi, Chico, CA 95973
For Sale
$514,900
Each residence has its own garage, patio, fenced yard, and interior laundry.
Property Size1,830 SF
Price / SF$281.37
Days on Market8
Property Features for 968 Cyndi
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
garage
private patio
fenced backyard
interior laundry
RV access
Building Details
Building Size
Year Built
Listing Agency:
Re/Max of Chico
Listed By:
Gabriel Dusharme · License #01825956
(530) 518-7460
Source:
Homesbyupside
Added: Oct 31
Changed: Nov 7
Last Checked: Nov 6 at 3:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Re/Max of Chico
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Investment Insights
Based on property information with market context.
Built in 1972, this Chico duplex contains two residences, each with 2 bedrooms, 1 bathroom, and approximately 915 square feet. Both units have a garage, private patio, fenced backyard, and interior laundry. Updates include a composition roof installed approximately 5 years ago, gutters, laminate flooring, interior paint, a bathroom vanity, central HVAC, and several appliances. One unit also has RV access and parking.
The property is on a cul-de-sac in a residential setting. The two-unit layout and separate outdoor areas distinguish the configuration of the property.
The property is on a cul-de-sac in a residential setting. The two-unit layout and separate outdoor areas distinguish the configuration of the property.
Key Highlights
- Two units, each with 2 bedrooms, 1 bathroom, and approximately 915 square feet
- A garage, private patio, fenced backyard, and interior laundry for each unit
- Composition roof installed approximately 5 years ago; central HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,241
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,820
$464.8K
Cap Rate 7%
$332,014
$332.0K
Cap Rate 9%
$258,233
$258.2K
Market Conditions
NOI Build-Up for 1,830 SF
Gross rent
$34.5K $18.84/SF
− Vacancy
−$1.3K −$0.70/SF
EGI
$33.2K $18.14/SF
− OpEx
−$10.0K −$5.44/SF
NOI
$23.2K $12.70/SF
Area
Chico, CA
Vacancy
3.70%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,820
Cap Rate 7%
$332,014
Cap Rate 9%
$258,233
Alternative Uses
Best Use
Multifamily LT 5
$332.0K
$290.5K – $387.4K
NOI $23,241 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$301.8K
$264.1K – $352.1K
NOI $21,125 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$369.5K
$323.3K – $431.1K
NOI $25,864 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
660
Businesses Nearby
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Business Placement
Demographics for 95973, CA
39,609
Population
15,836
Households
2.5
Avg Household Size
39
Median Age
41%
College-Educated
94%
High-School Grad
300.1 sq mi
ZIP Area
132
Density / Sq Mi
$92,228
Median Household Income
$45,897
Median Earnings
$1,546
Median Rent
$484,600
Median Home Value
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Market
Properties on Market for Duplexes in Chico
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own garage, patio, fenced yard, and interior laundry.
Where is this duplex located?
The property is located at 968 Cyndi Chico, CA.
What is the asking price?
The asking price for this property is $514,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, 1 bathroom, and approximately 915 square feet; A garage, private patio, fenced backyard, and interior laundry for each unit; Composition roof installed approximately 5 years ago; central HVAC
