2915 Godman Avenue Chico, CA 95973

$898,995 Active

About the Property

Fantastic Opportunity to Acquire an Income Producing Multi-Family Property w/ HUGE Development Potential! This sprawling Chico compound, set on over 30,000 square feet, is the perfect opportunity for an income investor, owner-user, or Developer looking to build their next multi-family cash cow (up to 17 units under high density zoning buyer to verify w/ city)! Property consists of 4 units currently used as short-term rentals for maximum income potential, grossing $75,000+/year. ** 2915 Godman Ave: Approx. 2440 sq. ft. main residence (4 Bed/2 Bath) ** 2917 Godman Ave: Approx. 1140 sq. ft. Bungalow (3 Bed/1 Bath) ** 2919 Godman Ave: Approx. 1000 sq. ft. Bungalow (1 Bed/1 Bath) ** Studio: Approx. 650 sq. ft. Non-Conforming (1 Bed/1 Bath) ** Each unit is separately gated for privacy, metered for gas/electric, & has laundry, private yard/parking & all amenities. Abundant space for RV/Boat parking & storage. Property is minutes from major shopping, dining, entertainment areas & schools. Great income producing potential while planning your development - a unique opportunity not to be missed!

Property Information

Size 5,230 SqFt
Price/SqFt $172
Lot Size 0.69 Acres
Year Built 1950
Property Type Residential Income
Zoning R3
Listing Number 21713098
Listed 3/31/2021
Modified 6/18/2021
Listing Agent Oliver Moussazadeh
Listing Office Revilo Realty, Inc.
Total Building 4
Total Units 4

Property Features

Gross Income
  • 75000.00
Gross Operating Income
  • 75000.00
  • Wall Furnace
Net Operating Income
  • 60000.00
  • Septic Type Unknown
  • 1
  • Bungalow
Total Expenses
  • 15000.00
  • Tile
  • Wood
  • Dishwasher
  • Disposal
  • Refrigerator