1122 Stewart Avenue Chico, CA 95926
About the Property
Exceptional four-unit investment property in a sought-after neighborhood near CSU, Chico! Located at 1122 Stewart Ave, this multi-unit property offers a fantastic opportunity for both seasoned investors and those looking to start or expand their portfolio. All four units have been recently remodeled and are well-maintained, offering a mix of comfort and convenience for tenants. The property consists of two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units with bright, updated interiors, functional kitchens, and plenty of storage. Tenants enjoy the convenience of off-street parking, and the property features a shared outdoor space that provides a peaceful environment for relaxation or entertaining. Located close to Chico State University, local shops, dining, and public transportation, this property is in a prime rental location. The consistent demand for housing in this area, along with the property’s strong rental history, makes it a wise investment with immediate income potential. Key Features: • 4 units with functional layouts • Prime location near Chico State, shopping, and dining • Strong rental history with excellent income potential • Off-street parking and shared outdoor spaces • Ideal for investors seeking stable, long-term returns • Potential to add an additional unit at the rear of the property (utilities already trenched) • Recent extensive remodel of each unit including roof, and all appliances, flooring, cabinets, bathrooms • New mini split air conditioning (3 years old) in each unit • Washer and dryer in all units except unit 2 Whether you're looking for a property with reliable rental income or a low-maintenance addition to your investment portfolio, 1122 Stewart Ave is the perfect choice. Mortgage may be transferable at discretion of lender. Please do not disturb tenants. No showings without an accepted offer.
Property Information
| Size | 2,489 SqFt |
|---|---|
| Price/SqFt | $421 |
| Lot Size | 0.3 Acres |
| Year Built | 1908 |
| Property Type | Residential Income |
| Zoning | R1 |
| Listing Number | SN24217204 |
| Listed | 10/17/2024 |
|---|---|
| Modified | 10/22/2024 |
| Listing Agent | Michael Lee |
| Listing Office | Ryno Company |
| Total Building | 4 |
| Total Units | 4 |
Property Features
- 4
- 4
- 4
- Ductless
- None
- Laminate
- 0.00
- 76440.00
- 78000.00
- Ductless
- One
- 47481.00
- 28959.00
- None
- 262250
- Public Sewer
- None
- 1
- 28959.00
- Public
- Ceiling Fan(s)
- Open Floorplan
- Biking
- Sidewalks
- Street Lights
- Urban
- Built-In Range
- Dishwasher
- Gas Oven
- Microwave
- Refrigerator
- Water Heater
Listed by Michael Lee of Ryno Company. Listing data last updated 11/28/2024 at 6:34 AM PST.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/22/2024 7:43 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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