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Listed by Eric Stofa • Coldwell Banker C&C Properties
$899,000
Est. payment /mo
2,598 SqFt
Active
1122 W Sacramento Avenue Chico, CA 95926
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UPDATED:
11/23/2024 03:52 PM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,598 sqft
Price per Sqft $346
MLS Listing ID SN-24237085
Style Contemporary,Modern
Year Built 2022
Lot Size 9,148 Sqft
Property 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.
Location
State CA
County Butte
Interior
Interior Features Ceiling Fan(s), High Ceilings, Open Floorplan, Recessed Lighting
Heating Ductless
Cooling Ductless
Flooring Vinyl
Laundry Inside
Exterior
Exterior Feature Lighting, Rain Gutters
Parking Features Gravel, On Site, Private
Pool None
Community Features Curbs, Gutters, Sidewalks, Street Lights, Urban
Utilities Available Sewer Connected, Water Connected, Cable Connected, Electricity Connected, Natural Gas Connected
View Y/N Yes
Building
Lot Description Back Yard
Sewer Public Sewer
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