1842 Arcadian AVE #1, Chico, CA 95926
$1,290,000
$1,395,000
7.5%
Est.Price: ?

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0.38 Acres Lot

1842 Arcadian AVE #1 Chico, CA 95926

Est. payment /mo
SOLD DATE : 02/08/2024

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Key Details

Sold Price $1,290,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SN23231163

Sold Date 02/08/24

HOA Y/N No

Year Built 1963

Lot Size 0.380 Acres

Property Sub-Type Quadruplex

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 details and to schedule a private viewing!

Location

State CA

County Butte

Zoning R1

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Laminate

Fireplaces Type None

Fireplace No

Appliance Electric Oven, Electric Range, Free-Standing Range, Range Hood, Self Cleaning Oven, Vented Exhaust Fan, Water Heater

Laundry Common Area, Laundry Room

Exterior

Parking Features Off Street

Fence Wood

Pool None

Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Roof Type Composition

Private Pool No

Building

Lot Description Back Yard, Lawn, Landscaped, Near Public Transit, Rectangular Lot, Street Level, Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 003613029000

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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Listed by Brent Silberbauer eXp Realty of California, Inc. 5308642404, DRE #02019819
Bought with Ralph Norton Rodeo Realty, Inc.
Jessica Lam

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Selling the home that no longer fits your needs,

 

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