$1,290,000
$1,395,000
7.5%For more information regarding the value of a property, please contact us for a free consultation.
0.38 Acres Lot
SOLD DATE : 02/08/2024
Key Details
Sold Price $1,290,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SN23231163
Sold Date 02/08/24
HOA Y/N No
Year Built 1963
Lot Size 0.380 Acres
Property Description
Incredible Investment Opportunity ahead!! This is a rare investment offering featuring not just one, but two strategically positioned 4-plex units, poised for immediate returns and substantial future growth. This unique property presents many enticing possibilities for savvy investors and is teeming with potential! Nestled in a tranquil enclave near Enloe Hospital, this property boasts a quiet and desirable location, providing residents with proximity to healthcare facilities, charming restaurants, cozy coffee shops, Historic Downtown Chico, and Chico State University. As a testament to ongoing care and investment, the property features newer appliances in select units, one entirely upgraded model, a fresh exterior paint job, and a brand-new parking lot. These enhancements contribute to the overall attractiveness and functionality of the property. This property's expansive back area allows for the addition of up to four Accessory Dwelling Units (ADUs), further increasing rental capacity and revenue streams. Take advantage of the ability to improve and upgrade the units further, positing yourself for increased rental income and property appreciation. With multiple units and the potential for additional ADUs, this property offers diversified income streams, mitigating risk and enhancing overall investment stability. Whether you're a seasoned investor looking to add to your portfolio or a newcomer seeking a solid entry point, this property is a promising canvas for your investment success. Seize the moment and make this exceptional property yours! Contact us today for more details and to schedule a private viewing!
Location
State CA
County Butte
Zoning R1
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate
Fireplaces Type None
Fireplace No
Appliance Electric Oven, Electric Range, Free-Standing Range, Range Hood, Self Cleaning Oven, Vented Exhaust Fan, Water Heater
Laundry Common Area, Laundry Room
Exterior
Garage Off Street
Fence Wood
Pool None
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Roof Type Composition
Parking Type Off Street
Private Pool No
Building
Lot Description Back Yard, Lawn, Landscaped, Near Public Transit, Rectangular Lot, Street Level, Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 003613029000
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Ralph Norton • Rodeo Realty, Inc.
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