1842 Arcadian Avenue 1, Chico, California 95926
- $1,395,000
- $1,395,000
Overview
- Quadruplex, Residential Income
- 5600 Sqft
- 1963
Description
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!
Address
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Address: 1842 Arcadian Avenue
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City: Chico
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State/county: CA
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Zip/Postal Code: 95926
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Country: US
Details
Updated on February 9, 2024 at 10:44 pm-
Property ID SN23231163
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Price $1,395,000
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Property Size 5600 Sqft
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Land Area 0.38 Acres
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Year Built 1963
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Property Type Quadruplex, Residential Income
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Property Status Closed
Additional details
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Listing Terms Cash, Cash to New Loan
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Roof Composition
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Utilities Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
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Sewer Public Sewer
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Cooling Wall/Window Unit(s)
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Heating Wall Furnace
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Flooring Carpet, Laminate
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County Butte
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Property Type Residential Income
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Pool None
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Parking Off Street
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Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks
Features
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