30033031 Nord Avenue Chico, CA 95973

$1,500,000 Active
  • 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 10/22/2020
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
  • 4.29
Carport Spaces
  • 0.00
Construction Materials
  • Stucco
Cooling
  • Central Air
Electric
  • 220 Volts in Laundry
Garage Spaces
  • 7.00
Gross Income
  • 73500.00
Gross Operating Income
  • 73500.00
Gross Scheduled Income
  • 73500.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 64354.00
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