$550,000
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432 Nord Avenue Chico, CA 95926
Single Family
Residence
Beds
Baths
1,216
Sq. Ft.
0.55
Acre
Lot
Property Activity
Time on Site
days
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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.
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MLS#
SN24200192
Property Type
Single Family
Status
Year Built
1938
Square Feet
1,216
sq. ft
Lot Size
0.55
Stories
1.0
Sewer
Holding Tank
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