Your Dream Investment Awaits: Meet the Multi-Unit Marvel Near Chico State! Hello Investors and Real Estate Enthusiasts! Allow me to introduce myself. I'm a charming multi-unit residential property positioned perfectly near Chico State University and the bustling downtown scene, but I'm not just a property; I'm your next portfolio game-changer. I offer four unique units for diverse income; My Front House (Unit #1) is a spacious 5-bedroom, 2-bathroom haven, perfect for roommates who want to balance study and play— With a more intimate 2-bedroom, 2-bath (unit #2) in the lower level. Unit #3 is a freestanding cottage featuring 3 bedrooms and 2 baths, this little gem offers a private fenced yard. Last but not, Unit #4— My 4-bedroom, 2-bath unit, which blends comfort and convenience, rounding out the quartet beautifully. Parking? Plenty! Say goodbye to the parking hunt. I offer ample off-street spots for cars, bikes, and scooters alike. Bonus Cash Flow? My Coin-Op laundry room does more than clean clothes—it adds to your income stream. Think of it as a mini-business within your investment. With a gross annual income of $75,600 and leases already set for the school year, I’m not just attractive—I make financial sense. I'm a turnkey operation, ready to add significant numbers to your bottom line. Come see for yourself why students love living here and why you'll love owning me! Call Your Realtor Today! I'm ready to meet you—are you ready to meet your next great investment?
Sold for $670,000 on 03/26/24
Listing Provided by:
Steve Depa DRE #00813533 530-514-6288,
Re/Max of Chico
$670,000
1501 W 3rd St, Chico, CA 95928
--beds
--baths
5,575sqft
Quadruplex
Built in 1975
-- sqft lot
$682,600 Zestimate®
$120/sqft
$1,595 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: March 26, 2024 at 03:19pm
Listing Provided by:
Steve Depa DRE #00813533 530-514-6288,
Re/Max of Chico
Bought with:
Steve Depa, DRE #00813533
Re/Max of Chico
Source: CRMLS,MLS#: SN23165776
Originating MLS: California Regional MLS

Facts & features
Interior
Heating
- Wall Furnace
Cooling
- Evaporative Cooling, Wall/Window Unit(s)
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 5,575
- Total interior livable area: 5,575 sqft
Property
Features
- Entry location: front
- Pool features: None
Lot
- Size: 0.31 Acres
- Features: Back Yard
Details
- Parcel number: 043682060000
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1975
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Chico
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange