Incredible Investment Opportunity ahead!! This is a rare investment offering featuring not just one, but two strategically positioned 4-plex units, poised for immediate returns and substantial future growth. This unique property presents many enticing possibilities for savvy investors and is teeming with potential! Nestled in a tranquil enclave near Enloe Hospital, this property boasts a quiet and desirable location, providing residents with proximity to healthcare facilities, charming restaurants, cozy coffee shops, Historic Downtown Chico, and Chico State University. As a testament to ongoing care and investment, the property features newer appliances in select units, one entirely upgraded model, a fresh exterior paint job, and a brand-new parking lot. These enhancements contribute to the overall attractiveness and functionality of the property. This property's expansive back area allows for the addition of up to four Accessory Dwelling Units (ADUs), further increasing rental capacity and revenue streams. Take advantage of the ability to improve and upgrade the units further, positing yourself for increased rental income and property appreciation. With multiple units and the potential for additional ADUs, this property offers diversified income streams, mitigating risk and enhancing overall investment stability. Whether you're a seasoned investor looking to add to your portfolio or a newcomer seeking a solid entry point, this property is a promising canvas for your investment success. Seize the moment and make this exceptional property yours! Contact us today for more details and to schedule a private viewing!
Sold for $1,290,000 on 02/08/24
Listing Provided by:
Brent Silberbauer DRE #02019819 5308642404,
eXp Realty of California, Inc.
Bought with: NONMEMBER MRML
$1,290,000
1842 Arcadian Ave #1, Chico, CA 95926
16beds
8baths
5,600sqft
Quadruplex
Built in 1963
-- sqft lot
$1,124,800 Zestimate®
$230/sqft
$1,409 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 09, 2024 at 02:44pm
Listing Provided by:
Brent Silberbauer DRE #02019819 5308642404,
eXp Realty of California, Inc.
Bought with:
Ralph Norton, DRE #01005061
NONMEMBER MRML
Source: CRMLS,MLS#: SN23231163
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
Heating
- Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Electric Oven, Electric Range, Free-Standing Range, Range Hood, Self Cleaning Oven, Vented Exhaust Fan, Water Heater
- Laundry: Common Area, Laundry Room
Features
- Flooring: Carpet, Laminate
- Windows: Double Pane Windows, Screens
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 5,600
- Total interior livable area: 5,600 sqft
Property
Parking
- Parking features: Off Street
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: Wood
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 0.38 Acres
- Features: Back Yard, Lawn, Landscaped, Near Public Transit, Rectangular Lot, Street Level, Yard
Details
- Additional parcels included: 003613028000
- Parcel number: 003613029000
- Zoning: R1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Roof: Composition
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Community
- Community features: Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks
Location
- Region: Chico
HOA & financial
Other financial information
- Total actual rent: 9142
Other
Other facts
- Listing terms: Cash,Cash to New Loan
- Road surface type: Paved