Chico, CA 95926,1842 Arcadian Avenue
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Chico, CA 95926,1842 Arcadian Avenue
Chico, CA 95926,1842 Arcadian Avenue
Chico, CA 95926,1842 Arcadian Avenue
Chico, CA 95926,1842 Arcadian Avenue

$1,290,000

Est. payment /mo

$1,395,000

7.5%
Est.Price: ?

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1842 Arcadian Avenue Chico, CA 95926

8 Beds

4 Baths

0.38 Acres Lot

SOLD DATE : 02/08/2024

Key Details

Sold Price $1,290,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SN23231163

Sold Date 02/08/24

Bedrooms 8

HOA Y/N No

Lot Size 0.380 Acres

Property 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 det
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!

Location

State CA

County Butte

Area Chico (95926)

Zoning Assessor

Interior

Cooling Wall/Window

Exterior

Roof Type Composition

Building

Lot Description Curbs, Sidewalks

Story 2

Level or Stories 2 Story

Others

Acceptable Financing Cash

Space Rent $1,275

Listing Terms Cash

Financing Cash

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San Diego Regional MLS (SDMLS)
Listed by Brent Silberbauer • eXp Realty of California, Inc.
Bought with General NONMEMBER • NONMEMBER MRML
agent

Tadd Bennett

Broker | License ID: 01926503

+1(760) 222-7717

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