2608 Nord Avenue Chico, CA 95973

$1,350,000 Closed

About the Property

Please Note: This property has been SOLD

This is a rare opportunity! Located right at the City limits, this unique property has 4 residences. There are 2 houses, a manufactured home, and a studio. The barn/shop is used as storage for the units of the houses, and all of this situated on 10 acres of old walnut trees. The current zoning is VLDR which allows for 1 acre parcels and the property is next to the city limits. Collect income while you submit your development plans or just keep the property for income purposes! The original farm house still has its’ 1920’s charm and character and is a 3 bedroom, 2 bath home. It also has a craft room along with an enclosed patio. The well maintained residence boasts numerous upgrades and modern amenities, including central heat and air, and a remodeled kitchen/bathrooms. The second house is a craftsman style “Chico charmer”, with 3 bedrooms, 2 bath, a private fenced yard, separate laundry/storage room, and central heat and air also. This home has been upgraded also! The 4 bedroom, 2 bath, manufactured home is only a couple years old and has its own fenced backyard, it has a very private setting away from the other homes. It may be the nicest of all the units on the property! The studio is also a gem you don't want to miss having been completely upgraded. This is a fantastic opportunity that does not come along very often.

Property Information

Size 5,435 SqFt
Price/SqFt $248
Lot Size 10 Acres
Year Built 1925
Property Type Residential Income
Zoning A5
Listing Number SN22026685
Listed 2/10/2022
Modified 4/20/2022
Listing Agent Jacob Darr
Listing Office NextHome North Valley Realty
Total Building 3
Total Units 4

Property Features

# Electric Meters
  • 3
# Gas Meters
  • 3
# Units Leased
  • 4
Community Features
  • Street Lights
  • Central Air
  • Family Room
Garage Spaces
  • 4.00
Gross Income
  • 60667.00
Gross Scheduled Income
  • 74400.00
  • Central
  • One
Net Operating Income
  • 74400.00
Parking Total
  • 4.00
  • None
Price Pe rUnit
  • 362500
  • Composition
  • Conventional Septic
  • None
Total Expenses
  • 13773.00
  • Neighborhood
Water Source
  • Well
Tenant Pays
  • Electricity
  • Gas