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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

    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?

    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#: SN23165776MLS LogoOriginating 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
    Services availability