1842 Arcadian Avenue Chico, CA 95926
About the Property
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!
Property Information
| Size | 5,600 SqFt |
|---|---|
| Price/SqFt | $230 |
| Lot Size | 0.38 Acres |
| Year Built | 1963 |
| Property Type | Residential Income |
| Zoning | R1 |
| Listing Number | SN23231163 |
| Listed | 12/26/2023 |
|---|---|
| Modified | 2/9/2024 |
| Listing Agent | Brent Silberbauer |
| Listing Office | eXp Realty of California, Inc. |
| Total Building | 2 |
| Total Units | 8 |
Property Features
- 8
- 8
- 8
- 2
- 4.44
- Wall/Window Unit(s)
- Wood
- None
- 0.00
- 115973.00
- 115973.00
- Wall Furnace
- Two
- 62986.00
- 48348.00
- None
- 174375
- Composition
- Public Sewer
- None
- 2
- 9142.00
- 49393.00
- Neighborhood
- Public
- Carpet
- Laminate
- Cable TV
- Electricity
- Curbs
- Gutters
- Sidewalks
- Storm Drains
- Street Lights
- Suburban
- Cable Available
- Electricity Connected
- Natural Gas Connected
- Phone Available
- Sewer Connected
- Water Connected
- Electric Oven
- Electric Range
- Free-Standing Range
- Range Hood
- Self Cleaning Oven
- Vented Exhaust Fan
- Water Heater
Listed by Brent Silberbauer of eXp Realty of California, Inc.. Listing data last updated 11/28/2024 at 6:34 AM PST.
Based on information from California Regional Multiple Listing Service, Inc. as of 2/9/2024 2:41 PM. 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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