Johnson Country Inn $949,000

Great income potential with a 9.5% cap rate and $191,000 gross revenue! Immaculate home on 10 acres approximately 2 miles from downtown Chico. May be operated as a bed and breakfast inn or enjoy as a single family residence. Nestled amongst the mature trees and overlooking the 8 year old producing almond orchard, enjoy privacy from your wrap around porch or from every window. Newly remodeled commercial grade kitchen in 2013 with quartz counter top, double ovens and large sink. Two 2013 new Lennox AC units with individual thermostat control in each of the 5 bedrooms, newer water heater and a roof that is approximately one year old! Each of the 5 bedrooms has a private bathroom and the master suite has a private staircase, separate shower and jetted tub. Handicap accessibility throughout the downstairs, one bedroom and bathroom with a roll-in shower. Two wells, one is Ag well with separate PG&E agriculture meter drilled in 2009 and the other serves the house. Beautifully landscaped yard, ample parking and large lawn. This is a rare opportunity to live in the country yet be just minutes to downtown Chico or Chico State University.

Details

  • Potential B&B
  • Built in 1992
  • 20 years as B&B
  • Last renovation in 2013
  • MLS #ch14121055
  • 5 Guest Rooms
  • 6 Guest Bathrooms
  • Lot size: 10 acres
  • 20 Parking Spots
  • Has owner's quarters
  • $949,000
  • 75% annual. occ. rate
  • $450.00 avg daily rate
  • $193,000 gross revenue
  • $161,000 room revenue

Listing Agent

Kristin Pankhurst, Chico Lifestyle Real Estate
430 Marmore Road
Chico, CA 95928

Phone: 530-591-0602
email: kristinpankhurst@gmail.com
Visit our Website

Location

3935 Morehead Ave Chico, CA 95928

Photos (click to enlarge)

Relax on the wrap around porch overlooking a large lawn and almond orchard.  Nicely treed lot provides shade and privacy.
Hardwood floors, trey ceiling with up-lighting, wood fireplace welcome guests to this large yet cozy parlor and reception area. The parlor has sweeping views of immaculate gardens, built in cabinets, fireplace and hardwood floors.
Commercial grade kitchen with quartz countertop, center island with deep sink, tons of storage including a walk in pantry, large picture windows overlooking lawns and almond orchard. Dumbwaiter for your convenience
Master suite with private staircase and tons of light from the large windows.  Walk in closet, ceiling fan and window shutters make this a perfect secluded sanctuary. Spacious master bath with separate shower and jetted tub.  Dual sinks, tile shower, large windows create a light and bright space.
Hardwood floors throughout the dining room surrounded by windows that stream in tons of light and provides stunning views and privacy. Spacious family room with shiny hardwood floors and french doors leading to a large wrap around porch.
Privacy and stunning views from this wrap around porch with plenty of seating areas for serving breakfast, sipping coffee or afternoon relaxation. Huge lawn for hosting events, weddings, receptions for additional income potential.
Downstairs guest bedroom is handicap accessible with a roll in shower and wide doors. Handicap accessible private bathroom for the downstairs bedroom
Bedroom 2 is light and bright with private bathroom. Guest bedroom with woodburning fireplace, private bath with separate jetted tub and shower.  Large windows overlook the gardens and let in ample light.

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