131 W 3rd, Chico, CA 95926
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131 W 3rd, Chico, CA 95926,Video Tour
131 W 3rd, Chico, CA 95926
131 W 3rd, Chico, CA 95926
131 W 3rd, Chico, CA 95926
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131 W 3rd Chico, CA 95926

6,098 Sqft Lot


UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SN26059148

HOA Y/N No

Year Built 1963

Lot Size 6,098 Sqft

Property Sub-Type Apartment

Property Description

Avenues Multiplex consisting of 1 home and 2-4 apartments (Quadplex: 2 units + 2 additional non-conforming basement units + 1 single Family Home) Three blocks from Chico State and Enloe Hospital, This two-building, one-lot property offers a rare combination of immediate income and significant upside. The rear property (133) features a detached 3BD/2BA house with an one-car garage currently operating as a part-time AirBnB rental generating approximately $2,500/month with significant upside if operated full time. This home was fully remodeled with luxury amenities such as quartz countertops, stainless steel appliances, and high end luxury vinyl plank flooring. The front building delivers a remodeled 3BD/1BA and a 1BD/1BA, both tenanted and performing.
Two additional basement units are present and occupied, each recently updated with new tile flooring, walk-in showers, and fresh paint. One basement unit is a 2/1 with mini split, washer/dryer, and quartz countertops. The second basement unit is a 1/
1 that can rent connected to the top 1/1 to qualify this property for traditional residential financing. A clear path exists to bring all units into City of Chico conformance through targeted egress improvements converting this three unit into a five-unit asset.

Location

State CA

County Butte

Interior

Heating Forced Air

Fireplace No

Appliance Dryer, Washer

Laundry In Garage

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Biking, Curbs

Total Parking Spaces 1

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 003064014000

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=Xd8aogSJH1g&mls=1

Lease Land No


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Listed by Matthew Herman Keller Williams Realty Chico Area 5302127373, DRE #01505777

NEARBY SCHOOLS & PROPERTIES

The Barbeau Group .

The Barbeau Group .

REALTORS® | License ID: #01901457/#01309258

+1(559) 272-8389

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131 W 3rd