2020 Magnolia Avenue Chico, CA 95926

$490,000 Closed

About the Property

Please Note: This property has been SOLD

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

# Electric Meters
  • 3
# Gas Meters
  • 3
# Units Leased
  • 1
# Water Meters
  • 3
Accessibility Features
  • None
  • Central Air
  • 220 Volts in Laundry
  • Rain Gutters
  • Wood
  • None
Garage Spaces
  • 0.00
Gross Income
  • 1800.00
Gross Scheduled Income
  • 1800.00
  • Central
  • Two
Parking Total
  • 6.00
  • None
Price Pe rUnit
  • 158333
  • Public Sewer
  • None
  • 2
Total Actual Rent
  • 1800.00
  • Neighborhood
Water Source
  • Public
Community Features
  • 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