What’s better than predictable cash flow in a fast-growing town? Don’t hesitate to act on this solid income-producing asset which has been able to grow rents year over year, every single year, for the last 3 years. Impeccable interior remodel allows tenants to live in luxury, without paying luxury prices. Absolutely turnkey and low maintenance, Water-efficient landscape, and minimal owner-payed PGE bill keeps expenses minimal and predictable, dropping cold hard cash straight to your bottom line. Just blocks away from Enloe hospital, Chico State, restaurants, and shopping. The scarcity of affordable studios, and sharply increasing demand makes this property a trophy asset that cannot be replicated. Due to recent events in surrounding locations, increased demand for housing in Chico, combined with hindered supply, provides even more upward lift for future rent growth. The recession-resistant Chico rental market has 2 colleges, the biggest hospital north of Sacramento, and a budding tech and startup scene. Chico is a hidden gem of California, and is an ultra-attractive destination for young professionals and families moving outside of cities, seniors looking for a glorious retirement location, as well as students looking for an unparalleled college experience. Do not miss the opportunity to get in on a cash-flowing hard asset of this caliber that will pay dividends for years and years regardless of election and economic turbulence.
|Lot Size||0.22 Acres|
|Property Type||Residential Income|
|Listing Agent||Matt Depa|
|Listing Office||Re/Max of Chico|
Listed by Matt Depa and Steve Depa of Re/Max of Chico. Listing data last updated 1/18/2021 at 9:36 PM PST.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/2/2020 2:01 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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