Property Details
About this Property
RARE INVESTMENT OPPORTUNITY LOCATED IN THE HEART OF CHICO!!! 4 WELL MAINTAINED UNITS WITH GREAT POSITIVE CASH FLOW! YOU MIGHT WANT TO LIVE IN ONE AND LET YOUR TENANTS PAY YOUR MORTGAGE! OR MAYBE YOU HAVE A STUDENT AT CHICO STATE? You can actually see Enloe Hospital right down the tree-lined road from the property and it's just a quick walk to Chico State University two blocks away! The property has a great history of always being rented from professionals to students. The first home (unit 1) is a charming 1925 Bungalow, 3 Bed/1.5 Baths (1142 sq ft), covered front porch, original hardwood floors throughout, gorgeous built-in hutch in the dining room, large basement and front yard even has white picket fencing. There is convenient Laundry Room with sink located in the back of the unit. In between the 1st home and 2nd home is a shared, expanded entertaining patio, where people can be found enjoying themselves and BBQing! Second Home (Unit 2) is 4 Bed/2 Bath (1552 sq ft.) built in 2001. This home was finished with Hardiplank siding, had a roof replacement in 2017, flooring replaced with luxury vinyl planking, indoor Washer/Dryer area and tons of storage space in kitchen/baths. Units 3 & 4 are located in the 3rd Dwelling and was also built in 2001 with similar
MLS Listing Information
MLS #
CRSN23165490
MLS Source
California Regional MLS
Interior Features
Appliances
Dishwasher, Other, Oven Range - Gas, Dryer, Washer
Flooring
Other
Cooling
Central Forced Air, Central Forced Air - Electric, Window/Wall Unit
Heating
Central Forced Air, Electric, Wall Furnace
Exterior Features
Roof
Composition
Foundation
Combination, Raised, Slab
Pool
None
Style
Bungalow, Traditional
Parking, School, and Other Information
Garage/Parking
Off-Street Parking, Other, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 4 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 573 | – | 0/0 | – |
| 2 | 1,142 | – | 0/0 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
1145 Magnolia Ave is a Residential Income in Chico, CA 95926. This – square foot property sits on a 11,761 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $775,000 and was built in 2001. This address can also be written as 1145 Magnolia Ave, Chico, CA 95926.
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This listing information is up-to-date as of December 10, 2023. For the most current information, please contact Lora Trenner, (530) 872-5880
