2020 Magnolia Avenue Chico, CA 95926
About the Property
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!
Property Information
| Size | 3,720 SqFt |
|---|---|
| Price/SqFt | $132 |
| Lot Size | 0.22 Acres |
| Year Built | 1983 |
| Property Type | Residential Income |
| Zoning | R1 |
| Listing Number | SN24062746 |
| Listed | 3/24/2024 |
|---|---|
| Modified | 4/24/2024 |
| Listing Agent | Alisha Simpkins |
| Listing Office | Keller Williams Realty Chico Area |
| Total Building | 2 |
| Total Units | 3 |
Property Features
- 3
- 3
- 1
- 3
- None
- Central Air
- 220 Volts in Laundry
- Rain Gutters
- Wood
- None
- 0.00
- 1800.00
- 1800.00
- Central
- Two
- 6.00
- None
- 158333
- Public Sewer
- None
- 2
- 1800.00
- Neighborhood
- Public
- Curbs
- Gutters
- Carpet
- Vinyl
- Composition
- Mixed
- Ceiling Fan(s)
- Formica Counters
- Open Floorplan
- Cable Available
- Electricity Connected
- Phone Available
- Water Connected
- Dishwasher
- Electric Oven
- Electric Range
- Free-Standing Range
- Range Hood
- Recirculated Exhaust Fan
- Self Cleaning Oven
- Water Heater
Listed by Alisha Simpkins of Keller Williams Realty Chico Area. Listing data last updated 4/29/2024 at 1:32 PM PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/24/2024 12:21 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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