Chico, CA 95926,2020 Magnolia AVE
Chico, CA 95926,2020 Magnolia AVE
Chico, CA 95926,2020 Magnolia AVE
Chico, CA 95926,2020 Magnolia AVE
Chico, CA 95926,2020 Magnolia AVE
Chico, CA 95926,2020 Magnolia AVE
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$490,000

$475,000

3.2%
Est.Price: ?

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Est. payment /mo

9,583 Sqft Lot


SOLD DATE : 04/24/2024

Key Details

Sold Price $490,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SN24062746

Sold Date 04/24/24

HOA Y/N No

Year Built 1983

Lot Size 9,583 Sqft

Property Description

Opportunity is knocking! Unlock the potential of this prime investment opportunity nestled in the sought-after Chico Avenues neighborhood. This property includes a 3-bedroom, 1-bathroom duplex, paired with a single-family 3-bedroom, 2-bathroom home, providing multiple income streams for those looking to expand their investment portfolios. For Buyers looking to live in one unit and rent out the others, this property offers the perfect blend of affordability and passive income potential, or rent them all out for a steady cash flow! While these homes may require some TLC, this presents a unique opportunity for investors to add value with strategic updates and renovations, enhancing the overall value. The duplex, located at 150 W. 10th Avenue, is on a large corner fenced with parking spaces, separate utilities, and a yard providing a great outdoor space for tenants. The single-family home, located at 2020 Magnolia Avenue, on the other side of the fence, offers a fully fenced concrete patio, and utility room providing a laundry area, and additional storage space, this home is currently rented until May 2024. Centrally located just a block from the renowned Esplanade, and a few blocks from Downtown Chico, this property offers easy access to shopping, dining, local amenities, and schools ensuring convenience for both the tenants and residents alike. The desirable Chico Avenues' location and potential for rental income make this property a solid investment for long-term growth. This is your chance to own a versatile investment property in the heart of Chico. Call your favorite agent today, and come explore the endless opportunities that await with this property!

Location

State CA

County Butte

Zoning R1

Interior

Interior Features Ceiling Fan(s), Laminate Counters, Open Floorplan

Heating Central

Cooling Central Air

Flooring Carpet, Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Exhaust Fan, Electric Oven, Electric Range, Free-Standing Range, Range Hood, Self Cleaning Oven, Water Heater

Laundry Electric Dryer Hookup, Gas Dryer Hookup, Inside, Laundry Room

Exterior

Exterior Feature Rain Gutters

Garage Driveway Level, Driveway, Paved

Fence Wood

Pool None

Community Features Curbs, Gutter(s)

Utilities Available Cable Available, Electricity Connected, Phone Available, Water Connected

View Y/N Yes

View Neighborhood

Roof Type Composition,Mixed

Accessibility None

Parking Type Driveway Level, Driveway, Paved

Total Parking Spaces 6

Private Pool No

Building

Lot Description Front Yard, Near Public Transit, Rectangular Lot, Street Level, Yard

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 003601012000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Alisha Simpkins • Keller Williams Realty Chico Area • 530-354-4244
Bought with Jessica Sorenson • Re/Max of Chico
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