494 E. 5th St. consists of a beautifully renovated triplex along with two separate additional dwelling units, thus totaling 5 units in all. The previous owners spared no expense on a time period appropriate renovation. Apart from being beautiful to look at they’re functional featuring a new roof, new electrical and plumbing, new mini-splits with heat pump, new granite counters, custom doors and windows, new appliance packages, a new porch and overhang and so much more. One of the key features of this property is its location. It’s right on the edge of the GOLDEN TRIANGLE. The Golden Triangle is typically considered the most prime Downtown residential Real Estate that Chico has to offer. This location offers tenants the ability to walk to restaurants, shopping, and nightlife downtown. Ride bikes, walk, or go swimming in Bidwell Park. It has convenient access to HWY 99 and HWY 32 so you can drive to most places in Chico in about 10 minutes or less. You’re very close to Chico State, but it’s not considered a student area so while it’s convenient, it’s also calm and quiet. The neighborhood features beautifully remodeled homes on iconic tree-lined streets. Currently, there is a very strong demand for smaller units like what this property has to offer. New owners can expect low vacancy rates, high rental demand, lower expense ratios, and other factors present in most class A multifamily properties. This property is truly one of a kind.
|Lot Size||0.2 Acres|
|Property Type||Residential Income|
|Listing Agent||Brent Silberbauer|
|Listing Office||eXp Realty of California, Inc.|
Listed by Brent Silberbauer of eXp Realty of California, Inc.. Listing data last updated 3/23/2023 at 10:29 AM PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of 3/20/2023 9:20 AM. 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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