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$ 849,000
Est. payment | /mo
7 Beds
4 Baths
6,098 Sqft Lot
$ 849,000
Est. payment | /mo
7 Beds
4 Baths
6,098 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SN26059148
Bedrooms 7
Lot Size 6,098 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Avenues Multiplex consisting of 1 home and 2-4 apartments (Quadplex: 2 units + 2 additional non-conforming basement units + 1 single Family Home) Three blocks from Chico State and Enloe Hospital, This two-building, one-lot property offers a rare combination of immediate income and significant upside. The rear property (133) features a detached 3BD/2BA house with an one-car garage currently operating as a part-time AirBnB rental generating approximately $2,500/month with significant upside if operated full time. This home was fully remodeled with luxury amenities such as quartz countertops, stainless steel appliances, and high end luxury vinyl plank flooring. The front building delivers a remodeled 3BD/1BA and a 1BD/1BA, both tenanted and performing. Two additional basement units are present and occupied, each recently updated with new tile flooring, walk-in showers, and fresh paint. One basement unit is a 2/1 with mini split, washer/dryer, and quartz countertops. The second basement unit is a 1/ 1 that can rent connected to the top 1/1 to qualify this property for traditional residential financing. A clear path exists to bring all units into City of Chico conformance through targeted egress improvements converting this three unit into a five-unit asset.
Location
State CA
County Butte
Zoning Public Rec
Direction From the Esplanade, turn West onto W 3rd Avenue. The property is located on the left (South) side of the street, between the Esp
Interior
Heating Forced Air Unit
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 003064014000
Virtual Tour https://my.matterport.com/show/?m=Xd8aogSJH1g
Listed by Matthew Herman, DRE#01505777 Keller Williams Realty Chico Area
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "