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1145 Magnolia Avenue
USD 899,000
Property ID: SN23165490
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1145 Magnolia Avenue ,95926
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icon 11761 SqFt
icon Built in 2001
icon USD 76/SqFt
icon 0 Bed
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
3839
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 2001
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Detailed Introduction Of This Home
RARE INVESTMENT OPPORTUNITY LOCATED IN THE HEART OF CHICO!!! 4 WELL MAINTAINED UNITS WITH GREAT POSITIVE CASH FLOW! YOU MIGHT WANT TO LIVE IN ONE AND LET YOUR TENANTS PAY YOUR MORTGAGE! OR MAYBE YOU HAVE A STUDENT AT CHICO STATE? You can actually see Enloe Hospital right down the tree-lined road from the property and it's just a quick walk to Chico State University two blocks away! The property has a great history of always being rented from professionals to students. The first home (unit 1) is a charming 1925 Bungalow, 3 Bed/1.5 Baths (1142 sq ft), covered front porch, original hardwood floors throughout, gorgeous built-in hutch in the dining room, large basement and front yard even has white picket fencing. There is convenient Laundry Room with sink located in the back of the unit. In between the 1st home and 2nd home is a shared, expanded entertaining patio, where people can be found enjoying themselves and BBQing! Second Home (Unit 2) is 4 Bed/2 Bath (1552 sq ft.) built in 2001. This home was finished with Hardiplank siding, had a roof replacement in 2017, flooring replaced with luxury vinyl planking, indoor Washer/Dryer area and tons of storage space in kitchen/baths. Units 3 & 4 are located in the 3rd Dwelling and was also built in 2001 with similar features. Unit #3 is a 1 Bed/1 Bath (573 sq ft) located upstairs and Unit #4 is a Studio (572 sq ft) located on the bottom floor. Both units share an indoor laundry accessed conveniently between both. Unit #3 was recently updated with tones of white & gray, Luxury Vinyl Planking, interior paint, refrigerator and wall furnace. The back of the property has been generously concreted for off-street parking, where at least 6 or more cars can be parked, accessed by an alley way. All meters for electric and gas are positioned in the front of the property by an organized mailbox area. The easy ability to walk/bike into Downtown Chico to enjoy dining and shopping, along with local Chico happenings and other amenities, is a Huge Win! Walking Score is 75! Don't miss the 3D Matterport to be able to virtually step through this well thought out and Substantial Cash Flow Property!
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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+87
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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1145 Magnolia Avenue
USD 899,000 0 Beds
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