432 Nord Avenue Chico, CA 95926
About the Property
Exciting Investment Opportunity Near Chico State! This expansive property, over half an acre in size, is a prime investment located just steps from CSU Chico. Positioned conveniently off Nord Avenue, it offers quick access to local shopping, transportation, and the vibrant energy of Downtown Chico. The property includes a well-maintained 3-bedroom, 1-bath home featuring a welcoming layout with a functional kitchen, spacious laundry room, and thoughtful design. Beyond the existing home, the land holds great potential for further development, making it an ideal rental location due to its proximity to the University. For those seeking to capitalize on its location, two exciting development concepts have been explored: First option: Adding three duplexes, each two stories with 3-bed, 2-bath units, plus a 1-bedroom manager’s quarters near the front. This design retains the existing house, resulting in a total of eight rental units. Second option: Replacing the current home with nine three-story units, inspired by a successful previous project, and enhanced with unique Craftsman-style exteriors. Whether you choose to keep the current home or develop it further, this property’s unbeatable proximity to the University and local amenities makes it an exceptional investment in Chico.
Property Information
| Size | 1,216 SqFt |
|---|---|
| Price/SqFt | $452 |
| Lot Size | 0.55 Acres |
| Year Built | 1938 |
| Property Type | Residential Income |
| Listing Number | SN24200192 |
| Listed | 10/7/2024 |
|---|---|
| Modified | 10/22/2024 |
| Listing Agent | Matt Depa |
| Listing Office | Re/Max of Chico |
| Total Building | 1 |
| Total Units | 1 |
Property Features
- 1
- 1
- 1
- Sidewalks
- Central Air
- 0.00
- 1750.00
- 21000.00
- Central
- One
- 13791.00
- 7209.00
- None
- 550000
- Conventional Septic
- 1
- 7209.00
- Public
Listed by Matt Depa of Re/Max of Chico. Listing data last updated 11/29/2024 at 2:36 AM PST.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/22/2024 2:21 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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