1 of 20
Tools
Size
3
Bedrooms
1
Full Bath
1,216 Sq Ft.
interior
0.55 Acres
Exterior
Financial
$550,000
Change Currency
$452
Price Per Sqft
Listing Details
Single Family
Property type
1938
Year Built
13278629
Web Id
SN24200192
MLS ID
7
Days Posted
Description
432 Nord Avenue,
Chico,
CA
95926
Chico, CA 95926
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 managers 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 propertys unbeatable proximity to the University and local amenities makes it an exceptional investment in Chico.
This is an Active listing.
Broker Office Phone Number: 530-514-2901
Copyright © 2024California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Active listing.
Broker Office Phone Number: 530-514-2901
Copyright © 2024California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Price History
date | price | variance | type |
---|---|---|---|
10/7/2024 | $550,000 | - | Listed |
Listing By: Re/Max of Chico via Data Source: California Regional Multiple Listing Service, Inc
listing agent: Matt Depa