Property Details
About this Property
Exciting Investment Opportunity Near Chico State! This expansive property, over half an acre in size, is a prime investment located just steps from CSU Chico. Positioned conveniently off Nord Avenue, it offers quick access to local shopping, transportation, and the vibrant energy of Downtown Chico. The property includes a well-maintained 3-bedroom, 1-bath home featuring a welcoming layout with a functional kitchen, spacious laundry room, and thoughtful design. Beyond the existing home, the land holds great potential for further development, making it an ideal rental location due to its proximity to the University. For those seeking to capitalize on its location, two exciting development concepts have been explored: First option: Adding three duplexes, each two stories with 3-bed, 2-bath units, plus a 1-bedroom manager’s quarters near the front. This design retains the existing house, resulting in a total of eight rental units. Second option: Replacing the current home with nine three-story units, inspired by a successful previous project, and enhanced with unique Craftsman-style exteriors. Whether you choose to keep the current home or develop it further, this property’s unbeatable proximity to the University and local amenities makes it an exceptional investment in Chico.
MLS Listing Information
MLS #
CRSN24200192
MLS Source
California Regional MLS
Days on Site
29
Interior Features
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Sewer
Septic Tank
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 1 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
432 Nord Ave is a Residential Income in Chico, CA 95926. This – square foot property sits on a 23,958 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $550,000 and was built in 1938. This address can also be written as 432 Nord Ave, Chico, CA 95926.
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This listing information is up-to-date as of October 22, 2024. For the most current information, please contact Matt Depa, (530) 896-9340
