0.21 acres | #SN24237085
Description
Income-Producing 4-Unit Property Near CSU Chico
Located in a prime, centrally situated neighborhood just minutes from CSU Chico, this fully leased, income-generating property offers a fantastic investment opportunity. The property consists of four well-maintained units, plus billboard income, including:
Two Identical 2-Bedroom, 1-Bath Units: Built in 2022, these spacious, modern units feature open-concept living areas, sleek finishes, and contemporary design elements. Perfect for tenants seeking comfort and convenience, each unit offers two bedrooms, one bathroom, dishwasher, stacked laundry, covered front/rear patios and plenty of storage space.
The Duplex, with Mirrored Studio Floor Plans: Full gut and remodeled in 2022. This charming duplex offers two studio units with identical layouts, each designed for efficiency and style. Ideal for students, professionals, or short-term rentals, these units feature modern amenities and easy-to-maintain living spaces.
Billboard Lease Income: An additional source of revenue is provided by the on-site billboard lease, adding even more potential for passive income.
With its desirable location near CSU Chico, shopping, and grocery stores, this property offers both a steady cash flow and long-term investment potential. Built in 2022 with modern highlights throughout, including stainless steel appliances, quartz countertops, and energy-efficient systems, this property is as stunning as it is functional. Don't miss out on this rare opportunity to own a versatile, high-demand rental property in a thriving area!
Key Features:
4 units: 2 x 2-bed, 1-bath and 2 x mirrored studio floor plans.
Billboard lease for additional income.
Centrally located near CSU Chico, shopping, and dining.
High rental demand area with solid cash flow potential.
Perfect for investors or those seeking a property with multiple income streams.
Property Details
- Utility FeaturesCableConnected, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
- InteriorCeilingFans, HighCeilings, OpenFloorplan, QuartzCounters, RecessedLighting
- FoundationConcretePerimeter, Slab
- Exterior MaterialsLighting, RainGutters
- ViewNeighborhood
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- MLS #SN24237085
- Property SubtypeQuadruplex
- MLS #SN24237085
- Lot DescriptionBackYard
- Original List Price$899,000
- Utility SourcePublic
- Cost899000
- CountyButte
- Acres0.21
- Year Built2022
- Stories1
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Eric Stofa (#CH157010339)
Listing Office: Coldwell Banker C&C Properties (#CHDUFOU)
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.
