30033031 Nord Avenue Chico, CA 95973

$1,500,000 Pending
  • An elegant view of the front porch of the Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month. An elegant view of the front porch of the Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • An elegant view of the front porch of the Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • 3003 Nord Avenue Unit A, an elegant 3 Bed 3 Bath home collecting a base rent of $1,825 monthly.
  • 3003 Nord Avenue Unit B, an quaint 2 Bed 2 Bath home collecting a base rent of $1,600 per month.
  • The grounds of 3003 & 3031 Nord Avenue.
  • The grounds of 3003 & 3031 Nord Avenue.
  • The grounds of 3003 & 3031 Nord Avenue.
  • The grounds of 3003 & 3031 Nord Avenue.
  • The grounds of 3003 & 3031 Nord Avenue.
  • The grounds of 3003 & 3031 Nord Avenue.
  • The grounds of 3003 & 3031 Nord Avenue.
  • The Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • The Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • The Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • The Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • The Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • The Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • The Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • The 4KW Solar system helping power the Main House, located on the rear of the grounds of 3003 & 3031 Nord Avenue.
  • The Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • The Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • The Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • The Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • The Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • The Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • The Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • The Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • The Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • The Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • The Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • The Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • The Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • The Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • The Main House, a stately 4 Bed 3 Bath home with a base rent of $1,950 per month.
  • 3003 Nord Avenue Unit A, an elegant 3 Bed 3 Bath home collecting a base rent of $1,825 monthly.
  • 3003 Nord Avenue Unit A, an elegant 3 Bed 3 Bath home collecting a base rent of $1,825 monthly.
  • 3003 Nord Avenue Unit A, an elegant 3 Bed 3 Bath home collecting a base rent of $1,825 monthly.
  • 3003 Nord Avenue Unit A, an elegant 3 Bed 3 Bath home collecting a base rent of $1,825 monthly.
  • 3003 Nord Avenue Unit A, an elegant 3 Bed 3 Bath home collecting a base rent of $1,825 monthly.
  • 3003 Nord Avenue Unit A, an elegant 3 Bed 3 Bath home collecting a base rent of $1,825 monthly.
  • 3003 Nord Avenue Unit A, an elegant 3 Bed 3 Bath home collecting a base rent of $1,825 monthly.
  • 3003 Nord Avenue Unit A, an elegant 3 Bed 3 Bath home collecting a base rent of $1,825 monthly.
  • 3003 Nord Avenue Unit A, an elegant 3 Bed 3 Bath home collecting a base rent of $1,825 monthly.
  • 3003 Nord Avenue Unit A, an elegant 3 Bed 3 Bath home collecting a base rent of $1,825 monthly.
  • 3003 Nord Avenue Unit A, an elegant 3 Bed 3 Bath home collecting a base rent of $1,825 monthly.
  • 3003 Nord Avenue Unit A, an elegant 3 Bed 3 Bath home collecting a base rent of $1,825 monthly.
  • 3003 Nord Avenue Unit A, an elegant 3 Bed 3 Bath home collecting a base rent of $1,825 monthly.
  • 3003 Nord Avenue Unit A, an elegant 3 Bed 3 Bath home collecting a base rent of $1,825 monthly.
  • 3003 Nord Avenue Unit A, an elegant 3 Bed 3 Bath home collecting a base rent of $1,825 monthly.
  • 3003 Nord Avenue Unit A, an elegant 3 Bed 3 Bath home collecting a base rent of $1,825 monthly.
  • 3003 Nord Avenue Unit B, an quaint 2 Bed 2 Bath home collecting a base rent of $1,600 per month.
  • 3003 Nord Avenue Unit B, an quaint 2 Bed 2 Bath home collecting a base rent of $1,600 per month.
  • 3003 Nord Avenue Unit B, an quaint 2 Bed 2 Bath home collecting a base rent of $1,600 per month.
  • 3003 Nord Avenue Unit B, an quaint 2 Bed 2 Bath home collecting a base rent of $1,600 per month.
  • 3003 Nord Avenue Unit B, an quaint 2 Bed 2 Bath home collecting a base rent of $1,600 per month.
  • 3003 Nord Avenue Unit B, an quaint 2 Bed 2 Bath home collecting a base rent of $1,600 per month.
  • 3003 Nord Avenue Unit B, an quaint 2 Bed 2 Bath home collecting a base rent of $1,600 per month.
  • 3003 Nord Avenue Unit B, an quaint 2 Bed 2 Bath home collecting a base rent of $1,600 per month.
  • 3003 Nord Avenue Unit B, an quaint 2 Bed 2 Bath home collecting a base rent of $1,600 per month.
  • 3003 Nord Avenue Unit B, an quaint 2 Bed 2 Bath home collecting a base rent of $1,600 per month.
  • 3003 Nord Avenue Unit B, an quaint 2 Bed 2 Bath home collecting a base rent of $1,600 per month.
  • 3003 Nord Avenue Unit B, an quaint 2 Bed 2 Bath home collecting a base rent of $1,600 per month.
  • 3003 Nord Avenue Unit B, an quaint 2 Bed 2 Bath home collecting a base rent of $1,600 per month.
  • 3003 Nord Avenue Unit B, an quaint 2 Bed 2 Bath home collecting a base rent of $1,600 per month.
  • 3003 Nord Avenue Unit B, an quaint 2 Bed 2 Bath home collecting a base rent of $1,600 per month.
  • 3003 Nord Avenue Unit B, an quaint 2 Bed 2 Bath home collecting a base rent of $1,600 per month.
  • The Apartment, an efficient living space of 1 Bed 1 Bath generating $725 a month base rent.
  • The Apartment, an efficient living space of 1 Bed 1 Bath generating $725 a month base rent.
  • The Apartment, an efficient living space of 1 Bed 1 Bath generating $725 a month base rent.
  • The Apartment, an efficient living space of 1 Bed 1 Bath generating $725 a month base rent.
  • The Apartment, an efficient living space of 1 Bed 1 Bath generating $725 a month base rent.
  • The Apartment, an efficient living space of 1 Bed 1 Bath generating $725 a month base rent.
  • The Apartment, an efficient living space of 1 Bed 1 Bath generating $725 a month base rent.
  • The Apartment, an efficient living space of 1 Bed 1 Bath generating $725 a month base rent.
  • The Apartment, an efficient living space of 1 Bed 1 Bath generating $725 a month base rent.

About the Property

Four residential units with development potential!!! This Northwest Chico property accommodates 3 detached homes with an above garage apartment. These homes are built with high-quality construction and great landscaped grounds. Their solid rental history would be an asset to any investment portfolio. Situated in the City of Chico Bell/Muir Special Planning Area, this property has a zoning overlay allowing 1-acre parcels with a maximum density of 1-unit per acre. There are 2+/- unimproved acres on the southwest side of the property that could benefit from this zoning overlay. Potential to create more detached units and/or subdivide and sell. Neighboring parcels have sold for $190,000 per acre on Cattle Drive Court. With amenities nearby, it is roughly a 10-minute walk to B-Line Bus Stop #516, a 4-minute drive to shopping at the Town and Country Center, and a 10-minute drive to Downtown Chico.

Property Information

Size 6,072 SqFt
Price/SqFt $247
Lot Size 5 Acres
Year Built 1995
Property Type Residential Income
Zoning VLDR
Listing Number SN20194226
Listed 9/14/2020
Modified 1/9/2021
Listing Agent Austin Barron
Listing Office Century 21 Select Real Estate, Inc.
Total Building 3
Total Units 4

Property Features

# Electric Meters
  • 3
# Gas Meters
  • 3
# Units Leased
  • 4
# Water Meters
  • 3
Accessibility Features
  • None
Cap Rate
  • 4.57
Carport Spaces
  • 0.00
Construction Materials
  • Stucco
Cooling
  • Central Air
Electric
  • 220 Volts in Laundry
Garage Spaces
  • 7.00
Gross Income
  • 77700.00
Gross Operating Income
  • 77700.00
Gross Scheduled Income
  • 77700.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 68554.00
Operating Expense
  • 9146.00
Parking Total
  • 14.00
Pool
  • None
Price Pe rUnit
  • 375000
Sewer
  • Conventional Septic
Spa
  • None
StoriesTotal
  • 2
Tenant Pays
  • All Utilities
Total Actual Rent
  • 6125.00
Total Expenses
  • 9146.00
Uncovered Spaces
  • 7.00
Water Source
  • Well
Community Features
  • Biking
  • Rural
Fencing
  • Wire
  • Wood
Fireplace
  • Family Room
  • Wood Burning
Flooring
  • Tile
  • Wood
Roofing
  • Composition
  • Shingle
Style
  • Modern
  • Ranch
Views
  • Neighborhood
  • Orchard
Utilities
  • Cable Connected
  • Electricity Connected
  • Natural Gas Connected
  • Phone Connected
  • Propane

Listed by Austin Barron of Century 21 Select Real Estate, Inc.. Listing data last updated 1/18/2021 at 9:36 PM PST.

Based on information from California Regional Multiple Listing Service, Inc. as of 1/9/2021 10:34 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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Property Location

Directions: From Hwy 99, take East Avenue south, Right on Nord Avenue before railroad tracks, Continue on Nord for 1/2 mile, Property is on the Left

Investment Analysis

Gross Income
Gross Rent Multiplier
Price per Unit
Estimated Insurance
Estimated Taxes
Estimated Net Income
Estimated Debt Service
Estimated Cashflow
Estimated Cash on Cash
*Investment Analysis is estimated based on listing provided data and averages which may not be specific to this property and does not represent actual expenses, returns, or amounts.

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