REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 829,000

Est. payment | -/mo

7 Beds

4 Baths

6,098 Sqft Lot

Save Virtual Tour

$ 829,000

Est. payment | -/mo

Save Virtual Tour

7 Beds

4 Baths

6,098 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SN26059148

Bedrooms 7

Lot Size 6,098 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Avenues Multiplex consisting of 1 home and 2-4 apartments (Quadplex: 2 units + 2 additional non-conforming basement units + 1 single Family Home) Three blocks from Chico State and Enloe Hospital, This two-building, one-lot property offers a rare combination of immediate income and significant upside. The rear property (133) features a detached 3BD/2BA house with an one-car garage currently operating as a part-time AirBnB rental generating approximately $2,500/month with significant upside if operated full time. This home was fully remodeled with luxury amenities such as quartz countertops, stainless steel appliances, and high end luxury vinyl plank flooring. The front building delivers a remodeled 3BD/1BA and a 1BD/1BA, both tenanted and performing. Two additional basement units are present and occupied, each recently updated with new tile flooring, walk-in showers, and fresh paint. One basement unit is a 2/1 with mini split, washer/dryer, and quartz countertops. The second basement unit is a 1/ 1 that can rent connected to the top 1/1 to qualify this property for traditional residential financing. A clear path exists to bring all units into City of Chico conformance through targeted egress improvements converting this three unit into a five-unit asset.

Location

State CA

County Butte

Zoning Public Rec

Direction From the Esplanade, turn West onto W 3rd Avenue. The property is located on the left (South) side of the street, between the Esp

Interior

Heating Forced Air Unit

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 003064014000

Virtual Tour https://my.matterport.com/show/?m=Xd8aogSJH1g

Listed by Matthew Herman, DRE#01505777 Keller Williams Realty Chico Area

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

GET MORE INFORMATION

QUICK SEARCH

There are 38 quick searches

131 W 3rd Chico, CA 95926