2020 Magnolia Avenue Pending Save Request In-Person Tour Request Virtual Tour
Chico,CA 95926
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 3,720 sqft
Price per Sqft $127
MLS Listing ID SN-24062746
Year Built 1983
Lot Size 9,583 Sqft
Property Description
Opportunity is knocking! Unlock the potential of this prime investment opportunity nestled in the sought-after Chico Avenues neighborhood. This property includes a 3-bedroom, 1-bathroom duplex, paired with a single-family 3-bedroom, 2-bathroom home, providing multiple income streams for those looking to expand their investment portfolios. For Buyers looking to live in one unit and rent out the others, this property offers the perfect blend of affordability and passive income potential, or rent them all out for a steady cash flow! While these homes may require some TLC, this presents a unique opportunity for investors to add value with strategic updates and renovations, enhancing the overall value. The duplex, located at 150 W. 10th Avenue, is on a large corner fenced with parking spaces, separate utilities, and a yard providing a great outdoor space for tenants. The single-family home, located at 2020 Magnolia Avenue, on the other side of the fence, offers a fully fenced concrete patio, and utility room providing a laundry area, and additional storage space, this home is currently rented until May 2024. Centrally located just a block from the renowned Esplanade, and a few blocks from Downtown Chico, this property offers easy access to shopping, dining, local amenities, and schools ensuring convenience for both the tenants and residents alike. The desirable Chico Avenues' location and potential for rental income make this property a solid investment for long-term growth. This is your chance to own a versatile investment property in the heart of Chico. Call your favorite agent today, and come explore the endless opportunities that await with this property!
Location
State CA
County Butte
Zoning R1
Interior
Interior Features Ceiling Fan(s),Formica Counters,Open Floorplan
Heating Central
Cooling Central Air
Flooring Carpet,Vinyl
Fireplaces Type None
Laundry Gas & Electric Dryer Hookup,Individual Room,Inside
Exterior
Exterior Feature Rain Gutters
Parking Features Driveway Level,Paved,Driveway
Pool None
Community Features Curbs,Gutters
Utilities Available Water Connected,Cable Available,Electricity Connected,Phone Available
View Y/N Yes
Building
Lot Description Front Yard,Level with Street,Near Public Transit,Rectangular Lot,Yard
Sewer Public Sewer