$775,000
$799,999
3.1%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Diane Martin • Keller Williams Palo Alto
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "