1145 Magnolia Avenue, Chico, CA 95926 | Listings

1145 Magnolia Avenue, Chico, CA 95926

  • $799,999
  • 3,839 sq ft
  • Year Built: 2001
  • Residential Income
  • Listing #SN23165490
  • Status: Pending

Property Description

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!

Listing Details

Year Built2001
Property TypeResidential Income
Listing #SN23165490
Listing TypeFor Sale

Interior Features

Square Feet3,839
FloorsCarpet, See Remarks, Wood
Heating and CoolingCentral, Electric, Wall Furnace, Central Air, Electric, Wall/Window Unit(s)
LaundryCommon Area, Dryer Included, Individual Room, Inside, See Remarks, Washer Included

Exterior Features

FoundationCombination, Raised, Slab
Lot Size0.27 acres


Garage Spaces0.00

Courtesy of Lora Trenner (License #01959391), Re/Max Home and Investment

Based on information from CARETS as of 11/28/2023 12:24 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

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This content last updated on 11/28/2023 12:24 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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