5-unit multifamily property located in Chico, CA. Built in 1945, the property is comprised of (1) studio, (3) one-bedroom one-bathroom, and (1) two-bedroom one-bathroom floor plans. The building is comprised of a wood exterior, pitched composition shingle roof and wall air-conditioning units. There is also a shared laundry room on the lower???????????????????????????????????????? floor.
Opportunity is knocking! This beautifully maintained triplex presents an excellent investment opportunity for those looking to earn extra income and grow their real estate portfolio. Each unit boasts a spacious living area that offers room for relaxation and entertaining, along with a well-sized kitchen perfect for preparing your favorite meals and culinary creations. Sunlight streams through ample windows, creating a warm and inviting atmosphere throughout. Each unit features a comfortable bedroom designed for restful nights and a well-appointed bathroom that suits any morning routine. One unit has the convenience of a private laundry room, while the other two share a laundry space with separate entrances, ensuring convenience and privacy for all. Tenants will appreciate the comfort of off-street parking, adding an extra layer of convenience and security. In addition to its practical amenities, this triplex has been thoughtfully updated to incorporate modern conveniences while preserving its original charm, making it a true gem. With a long list of features and promising rental income potential, this property is a unique opportunity you won't want to miss. Whether you’re a seasoned investor or new to the market, this triplex has everything needed to make a great addition to any portfolio."
Located just steps away from Chico State University, this property creates an outstanding investment opportunity that you will not want to let slip through your fingers. The building consists of four well-maintained units, thoughtfully designed with two on the upper level and two on the lower level. Each unit features two spacious bedrooms and a full bathroom, providing tenants with comfortable living arrangements. In addition to its strategic location and well-designed units, the property offers off-street parking at the rear, adding convenience and security for residents. A storage shed is also available, providing additional utility for tenants. With a history of reliable tenancy, this 4-plex is an appealing opportunity for investors seeking a property with consistent cash flow potential. Overall, this property is a must-see for those looking to add a valuable and low-maintenance asset to their portfolio in a prime college town location. Don’t miss out on this chance to secure a dependable investment with strong long-term appeal.
Excellent opportunity to acquire the most affordable duplex in Chico! Each unit is a 1 bed/1 bath with open living room and kitchen. There is a shared onsite laundry facility. Large fenced backyard. Low maintenance Stucco exterior and comp roof. Unit B is available for immediate lease at market rate or owner occupancy. The occupant of unit A has an agreement in place to vacate on or before January 7th, 2025. Separate electrical and gas meters. Owner pays water, sewer and trash. Great opportunity for an owner occupant or investment.
In the heart of Chico’s bustling college community, this 3 bedroom, 1 bath home presents an excellent investment for those seeking reliable rental income, with prime access to both campus and downtown. Featuring spacious common living areas, a functional kitchen, attic storage, and a convenient laundry room, this home blends comfort with practicality. The private fenced backyard adds appeal, and the low-maintenance landscape ensures easy upkeep. With its desirable location this property is well-positioned to attract consistent rental demand and offer long-term success.
Welcome to Portland Place, a meticulously crafted, 2014-constructed multifamily property located in the heart of Chico, CA. The community consists of (8) large, three-bedroom three-bathroom floor plans with approximately 1,346 square feet each. Each unit is equipped with a full size washer and dryer, attached garage, private balcony and climate controlled heating and air conditioning. The combination of these interior/exterior attributes resulted in the reputable "AEP Span Project of the Year" award in 2015 for its design, color, and contribution to the university community. Portland Place provides a new owner the opportunity to acquire truly unique, pride-of ownership asset with an attractive going-in yield.
Welcome to Portland Place, a meticulously crafted, 2014-constructed multifamily property located in the heart of Chico, CA. The community consists of (8) large, three-bedroom three-bathroom floor plans with approximately 1,346 square feet each. Each unit is equipped with a full size washer and dryer, attached garage, private balcony and climate controlled heating and air conditioning. The combination of these interior/exterior attributes resulted in the reputable "AEP Span Project of the Year" award in 2015 for its design, color, and contribution to the university community. Portland Place provides a new owner the opportunity to acquire truly unique, pride-of ownership asset with an attractive going-in yield.
Duplex. Step into the perfect blend of vintage charm with this beautifully renovated multi-family property. A great investment opportunity situated in Downtown Chico and just minutes away from Bidwell Park. Featuring thoughtful upgrades throughout, each unit seamlessly blends modern amenities with the home's original charm and has been refreshed with contemporary finishes while maintaining the character and architectural details of its era. What makes this property even more special? **It comes fully furnishedwhat you see is what you get!** Each unit is move-in ready with stylish, carefully selected furniture that perfectly complements the space, offering added value and convenience. The downstairs unit boasts 3 bedrooms and 1 bathroom, while the upstairs unit features 2 bedrooms, 1 bathroom, and a private balconyperfect for enjoying outdoor space. Enjoy spacious living areas filled with natural light, upgraded flooring, updated kitchens with new appliances, and modern bathrooms that combine both style and comfort. Ideal for investors or owner-occupiers, this property offers income potential with separate entrances and utilities for each unit. Located in a desirable neighborhood, you're just minutes away from local amenities, schools, parks, and public transport 916 947 9228
Open House:
Wednesday, 11/20 9:30-12:00PM
Turnkey Investment - 8 Cottage Homes in the Heart of Chico This beautifully remodeled multifamily investment is a prime opportunity for investors looking for long-term value and stable cash flow. The property consists of 8 entirely renovated cottages (2018), modern interiors featuring luxury vinyl plank (LVP) flooring and granite countertops. Located in an ideal central Chico location, just three blocks from the scenic Bidwell Park and and a short distance to downtown and CSU Chico. 1/2 mile to Hwy 99. This property is perfect for attracting long-term tenants who enjoy the convenience and a great lifestyle. Cottages offer more privacy and space compared to traditional apartment buildings, making tenants willing to pay a premium for for these perks. Key Features: 8 Cottages: All homes underwent a comprehensive remodel in 2018, including new concrete foundations, electrical, plumbing, framing & insulation, Drywall, Hardie Plank exterior siding, doors and windows, efficient mini-split heat/AC, and new composite roofing along with modernized interiors and premium finishes. A separate new (2019) 480 square foot building housing 6 Storage units at below market rates and a coin laundry provides additional income and tenant convenience. Long-term tenants with a historic vacancy rate of 2% ensures consistent rental income. Tenant Desirability. Beautiful common area courtyard between units with some units featuring private yards. Dual street access from both E 9th Street and Willow Avenue, with ample parking available. Low maintenance cost as everything is nearly new. Investment Highlights: Rents below market value, offering upside potential. Appraised at $1.5 million, making this a fantastic deal at $1,295,000. 6% cap rate, 11 GRM, providing a solid return on investment. Stable Income with less than 2% vacancy. Less intensive management needs compared to apartment buildings due to no shared walls, and long-term leases already in place. This property has been meticulously maintained and offers investors a turnkey solution with immediate cash flow. Don’t miss out on this exceptional opportunity to own a prime piece of real estate in one of Chico’s most desirable areas. Drive by only. Do not disturb tenants. Please don't go on the property without an appointment. Ask to view the Offering Memorandum.
***Two Properties on one LOT*** Come check out this amazing investment opportunity. This unique location features two separate homes, with the main home having 2 bedrooms and 1 ½ bathrooms, and can be found situated in the front of the property. The second home is a newly added ADU situated at the back of the property. Each home has its own separate yard space, completely fenced off for privacy. The main home has had the downstairs bathroom redone, new flooring throughout the entire home, and has been completely repainted not only in the interior of the home but the exterior as well. This home is move-in ready, come check it out!! Don’t miss out on this great opportunity!
Remodeled tri-plex located close to Downtown Chico, Chico State, shopping and restaurants! Each townhouse style unit is 1,300 sqft and features 3 bedrooms and 3 bathrooms. Inside you will find the living room with all newer vinyl plank flooring and cozy fireplaces with classic brick surround. The kitchens have white appliances, including a newer dishwasher, gas stove, range, fridge and garbage disposals. Other updates include tile flooring in the bathrooms and all newer paint, baseboards and fans in every room. Each unit also features a private fenced patio, plenty of storage, central heat and air, washer and dryer, and off street parking. Property is professionally managed and all units are leased to June 2025.
Submit your offer! Seller will consider all offers! Classic Chico Home Steps to CSUC and Downtown. This 5 bedroom 2 bath home has been an excellent college rental. Why manage 4 units when you can collect more rent with 1? This rental has been 100% occupied for years and has been very well maintained. Bungalow style with hardwood floors, vaulted ceilings, large living room, dining room with built-in hutch and french doors, large open kitchen with a portable dishwasher, adjacent sun room/breakfast nook. Large bedrooms, washer/dryer, front porch, concrete pack patio, and off street parking. Main floor has central heating/air. One block from CSUC. Excellent location Pictures coming soon!
Submit your offer! Seller's willing to consider all offers Unit 1- 3500 rent 4/3 1255 sq ft Walk to Campus! Beautiful hardwood floors, vaulted ceilings, and a large living room. Open kitchen with plenty of counter space and cabinets, dishwasher, ice-maker, range with microwave hood, and a custom built-in eating bar. Bathrooms are tiled, two have showers and the third has a tub shower. Bedrooms with ceiling fans and one of the four bedrooms has a private entrance as well as its own bathroom. Central heating and air, laundry room with washer/dryer, cabinets, and in-wall ironing board, great front porch, shared off-street parking, excellent location! Unit 2- 5 bedroom 2 bath with living room or can be rented as 6 bedroom with no living room. Currently rented for 2800, market rents at 4000-4500 was rented for 4000 past years Perfect place for a large group wanting to live close to campus! Kitchen with custom cabinets, dishwasher and two refrigerators, washer/dryer, whole house fan, and central heating and air. One bathroom has a large nicely tiled standing shower and the other has a bathtub/shower and shelves for storage. Bedrooms are either hardwood floor or carpeted, all are comparable in size and each has a personal sink and ceiling fan. Excellent Location! Amazing opportunity to own this easy to rent duplex in a very desirable area. Off street parking and an easy 1 block walk to campus and downtown, this is the best location for college rentals! More pictures coming soon.
Enhance your investment portfolio with this exceptional opportunity to own a distinctive collection of studio and 1-bedroom downtown lofts, combining the charm of the old with modern comforts. Over the past few years, every unit has been updated, and the building has undergone comprehensive renovations from the roof down to the decking. Residents love the convenience of walking and biking to downtown coffee shops and restaurants. Enjoy your morning coffee on one of the several porches, or have a picnic in the courtyard while picking fresh figs and oranges. Rich in Chico history, the property even features a historic hitching post out front, a charming relic from the days when horses were a common sight.
Black and White Perfection: Elevate Your Investment Game Today! Discover an incredible investment opportunity with this stylish black and white residential income property featuring six updated units. You'll find five chic 1-bedroom units and a detached 2-bedroom unit, each freshly painted and boasting sleek fixtures, flooring, and a modern color scheme. Unit 1 charms with a ground-level front patio, while Units 2 and 3 offer cozy upstairs living in the main house. Units 4 and 5 nestle at the rear, with the detached rear unit offering serene views backing up to the Little Chico Creek area. Ample on-site and street parking, along with separate gas and electric meters for each unit, make tenant management a breeze. Just a short ride from downtown, tenants will relish the convenience of nearby shopping, restaurants, and pubs. Don’t miss out on adding this property to your portfolio!
Close to downtown. 4 unit multifamily property built in 1984 The property has 3 three bedroom one bath and 1 2bedroom 1 bath flats. Each are 873 sq ft. Each have washer and dryer hook ups. Each unit has Range, Frig and Dishwasher. Each has patios. The building is stucco exterior with a composition roof. Off street parking. Long term tenants.
Close to downtown. 4 unit multifamily property built in 1984 The property has 3 three bedroom one bath and 1 2bedroom 1 bath flats. Each are 873 sq ft. Each have washer and dryer hook ups. Each unit has Range, Frig and Dishwasher. Each has patios. The building is stucco exterior with a composition roof. Off street parking. Long term tenants.
The median home value in Chico, CA is $440,000. This is higher than the county median home value of $381,600. The national median home value is $338,100. The average price of homes sold in Chico, CA is $440,000. Approximately 40.46% of Chico homes are owned, compared to 51.09% rented, while 8.45% are vacant. Chico real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Chico real estate agent to arrange a tour today!
Chico, California 95928 has a population of 103,898. Chico 95928 is more family-centric than the surrounding county with 27.51% of the households containing married families with children. The county average for households married with children is 26.57%.
The median household income in Chico, California 95928 is $60,507. The median household income for the surrounding county is $59,863 compared to the national median of $69,021. The median age of people living in Chico 95928 is 30.3 years.
The average high temperature in July is 94.4 degrees, with an average low temperature in January of 36.9 degrees. The average rainfall is approximately 27.8 inches per year, with 0.1 inches of snow per year.