CA > Chico
Chico, CA 95926,2020 Magnolia Avenue
Chico, CA 95926,2020 Magnolia Avenue
Chico, CA 95926,2020 Magnolia Avenue
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Listed by Alisha A Simpkins • Keller Williams Realty Chico Area
$475,000
Est. payment /mo
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3,720 SqFt
Pending

2020 Magnolia Avenue Chico, CA 95926

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Maureen Alphonso

Maureen Alphonso

+1(805) 279-6885

UPDATED:

10/07/2024 04:14 AM

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

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Maureen Alphonso

Agent | License ID: 01734126

+1(805) 279-6885

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2020 Magnolia Avenue