0.55 acres | #SN24200192
Description
Exciting Investment Opportunity Near Chico State! This expansive property, over half an acre in size, is a prime investment located just steps from CSU Chico. Positioned conveniently off Nord Avenue, it offers quick access to local shopping, transportation, and the vibrant energy of Downtown Chico. The property includes a well-maintained 3-bedroom, 1-bath home featuring a welcoming layout with a functional kitchen, spacious laundry room, and thoughtful design. Beyond the existing home, the land holds great potential for further development, making it an ideal rental location due to its proximity to the University. For those seeking to capitalize on its location, two exciting development concepts have been explored: First option: Adding three duplexes, each two stories with 3-bed, 2-bath units, plus a 1-bedroom manager’s quarters near the front. This design retains the existing house, resulting in a total of eight rental units. Second option: Replacing the current home with nine three-story units, inspired by a successful previous project, and enhanced with unique Craftsman-style exteriors. Whether you choose to keep the current home or develop it further, this property’s unbeatable proximity to the University and local amenities makes it an exceptional investment in Chico.
Property Details
- Lot DescriptionSixToTenUnitsAcre, BackYard
- Stories1
Measurements
- Acres0.55
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1938
Utilities / Energy Details
- Sewer InformationSepticTank
- Utility SourcePublic
Community and Neighborhood Details
- CountyButte
Financial Details
- Original List Price$550,000
Other
- MLS #SN24200192
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Matt Depa (#CH157001203)
Listing Office: Re/Max of Chico (#CHREMAX)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
