1145 Magnolia Avenue Chico, CA 95926
-
Charming Front House Bungalow built in 1925, 3 bed/1.5 bath
About the Property
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!
Property Information
| Size | 3,839 SqFt |
|---|---|
| Price/SqFt | $202 |
| Lot Size | 0.27 Acres |
| Year Built | 2001 |
| Property Type | Residential Income |
| Zoning | R3 |
| Listing Number | SN23165490 |
| Listed | 9/15/2023 |
|---|---|
| Modified | 12/10/2023 |
| Listing Agent | Lora Trenner |
| Listing Office | Re/Max Home and Investment |
| Total Building | 3 |
| Total Units | 4 |
Property Features
- 4
- 4
- 4
- 1
- 5.70
- 220 Volts in Laundry
- None
- 0.00
- 66000.00
- 51739.00
- 14261.00
- None
- 200000
- Composition
- Public Sewer
- None
- 2
- 66000.00
- 14261.00
- Neighborhood
- Public
- Awning(s)
- Rain Gutters
- One
- Two
- Bungalow
- Traditional
- Cable TV
- Electricity
- Dishwasher
- Gas Range
- Water Heater
- Central Air
- Electric
- Wall/Window Unit(s)
- Good Condition
- Wire
- Wood
- Carpet
- See Remarks
- Wood
- Central
- Electric
- Wall Furnace
- Ceiling Fan(s)
- Formica Counters
- Tile Counters
- Electricity Connected
- Sewer Connected
- Water Connected
- Biking
- Curbs
- Gutters
- Sidewalks
- Storm Drains
- Street Lights
- Urban
Listed by Lora Trenner of Re/Max Home and Investment. Listing data last updated 5/4/2024 at 7:40 PM PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of 12/10/2023 12:24 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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