Two freshly updated homes for the price of one! This large 1/4 acre lot in the heart of Downtown Chico has two detached homes that present ample opportunity. The incredible location puts you at the center of the action, making these very desirable rentals and an ideal investment property. Your'e a short walk to Chico State and all the Bars + Restaurants in Historic Downtown Chico, and only 1.3 miles from Bidwell Park. New 2yr lease just signed for the main home at $3k/mo : A freshly updated 4 bed/2 bath + spacious Bonus Room. The second home is a 2 bed/2 bath, currently rented to great tenants on a 1yr lease at $1,495/mo. Total monthly rental income $4,495/mo! Plenty of parking for both units and they each have their own private yard space. Additionally, the R3 Zoning may allow for the development of additional units - buyer to verify with City of Chico Planning.
Property Type :
Residential
County :
Butte
Style :
Residential
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ByOwner last updated this listing 05/21/2024 @ 17:01
MLS: ML81942453
LISTED BY: Bjorn Berg, eXp Realty of California Inc
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
