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 #
CRSN24200192
MLS Source
California Regional MLS
Days on Site
45
Cooling
Central Forced Air
Heating
Central Forced Air
Pool
None
Garage/Parking
Garage: 0 Car(s)
Sewer
Septic Tank
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | – | 1 |
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.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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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