Chico, CA 95926,1145 Magnolia AVE
Chico, CA 95926,1145 Magnolia AVE
Chico, CA 95926,1145 Magnolia AVE
Chico, CA 95926,1145 Magnolia AVE
Chico, CA 95926,1145 Magnolia AVE
Chico, CA 95926,1145 Magnolia AVE
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$775,000

$799,999

3.1%
Est.Price: ?

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Est. payment /mo

0.27 Acres Lot


SOLD DATE : 12/08/2023

Key Details

Sold Price $775,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SN23165490

Sold Date 12/08/23

Construction Status Turnkey

HOA Y/N No

Year Built 2001

Lot Size 0.270 Acres

Property Description

RARE INVESTMENT OPPORTUNITY LOCATED IN THE HEART OF CHICO!!! 4 WELL MAINTAINED UNITS WITH GREAT POSITIVE CASH FLOW! YOU MIGHT WANT TO LIVE IN ONE AND LET YOUR TENANTS PAY YOUR MORTGAGE! OR MAYBE YOU HAVE A STUDENT AT CHICO STATE? You can actually see Enloe Hospital right down the tree-lined road from the property and it's just a quick walk to Chico State University two blocks away! The property has a great history of always being rented from professionals to students. The first home (unit 1) is a charming 1925 Bungalow, 3 Bed/1.5 Baths (1142 sq ft), covered front porch, original hardwood floors throughout, gorgeous built-in hutch in the dining room, large basement and front yard even has white picket fencing. There is convenient Laundry Room with sink located in the back of the unit. In between the 1st home and 2nd home is a shared, expanded entertaining patio, where people can be found enjoying themselves and BBQing! Second Home (Unit 2) is 4 Bed/2 Bath (1552 sq ft.) built in 2001. This home was finished with Hardiplank siding, had a roof replacement in 2017, flooring replaced with luxury vinyl planking, indoor Washer/Dryer area and tons of storage space in kitchen/baths. Units 3 & 4 are located in the 3rd Dwelling and was also built in 2001 with similar features. Unit #3 is a 1 Bed/1 Bath (573 sq ft) located upstairs and Unit #4 is a Studio (572 sq ft) located on the bottom floor. Both units share an indoor laundry accessed conveniently between both. Unit #3 was recently updated with tones of white & gray, Luxury Vinyl Planking, interior paint, refrigerator and wall furnace. The back of the property has been generously concreted for off-street parking, where at least 6 or more cars can be parked, accessed by an alley way. All meters for electric and gas are positioned in the front of the property by an organized mailbox area. The easy ability to walk/bike into Downtown Chico to enjoy dining and shopping, along with local Chico happenings and other amenities, is a Huge Win! Walking Score is 75! Don't miss the 3D Matterport to be able to virtually step through this well thought out and Substantial Cash Flow Property!

Location

State CA

County Butte

Zoning R3

Interior

Interior Features Ceiling Fan(s), Laminate Counters, Tile Counters, Jack and Jill Bath, Walk-In Closet(s)

Heating Central, Electric, Wall Furnace

Cooling Central Air, Electric, Wall/Window Unit(s)

Flooring Carpet, See Remarks, Wood

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Range, Water Heater, Dryer, Washer

Laundry Common Area, Inside, Laundry Room, See Remarks

Exterior

Exterior Feature Awning(s), Rain Gutters

Garage Concrete, Off Street, Paved, On Street

Fence Good Condition, Wood, Wire

Pool None

Community Features Biking, Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Urban

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Roof Type Composition

Private Pool No

Building

Lot Description 2-5 Units/Acre, Front Yard, Lawn, Landscaped, Rectangular Lot, Sprinkler System, Street Level, Walkstreet

Story 2

Entry Level One,Two

Foundation Combination, Raised, Slab

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Traditional

Level or Stories One, Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 003092007000

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Financing Private

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Lora Trenner • Re/Max Home and Investment
Bought with Diane Martin • Keller Williams Palo Alto
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