Are you looking for a turn key investment property? This large 1/4 acre lot in the heart of Downtown Chico has two legal detached homes that present ample opportunity. The incredible location puts you at the center of the action, making these very desirable rentals and an ideal investment property. Your'e a short walk to Chico State and all the Bars + Restaurants in Historic Downtown Chico, and only a mile from Bidwell Park. New 2yr lease just signed for the main home at $3k/mo : A freshly updated 4 bed/2 bath (1320sqft) + spacious Bonus Room. The second home is a 2 bed/2 bath (785sqft), currently rented to great tenants on a 1yr lease at $1,495/mo. Total monthly rental income $4,495/mo! Plenty of parking for both units and they each have their own private yard space. Additionally, the R3 Zoning may allow for the development of additional units - buyer to verify with City of Chico Planning.
|Lot Size||0.26 Acres|
|Property Type||Residential Income|
|Listing Agent||Bjorn Berg|
|Listing Office||eXp Realty of California Inc|
Listed by Bjorn Berg of eXp Realty of California Inc. Listing data last updated 12/9/2023 at 2:35 PM PST.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/28/2023 1:23 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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