$490,000
$475,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Jessica Sorenson • Re/Max of Chico
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "