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Income-Producing 4-Unit Property Near CSU ChicoLocated in a prime, centrally situated neighborhood just minutes from CSU Chico, this fully leased, income-generating property offers a fantastic investment opportunity. The property consists of four well-maintained units, plus billboard income, including:Two Identical 2-Bedroom, 1-Bath Units: Built in 2022, these spacious, modern units feature open-concept living areas, sleek finishes, and contemporary design elements. Perfect for tenants seeking comfort and convenience, each unit offers two bedrooms, one bathroom, dishwasher, stacked laundry, covered front/rear patios and plenty of storage space.The Duplex, with Mirrored Studio Floor Plans: Full gut and remodeled in 2022. This charming duplex offers two studio units with identical layouts, each designed for efficiency and style. Ideal for students, professionals, or short-term rentals, these units feature modern amenities and easy-to-maintain living spaces.Billboard Lease Income: An additional source of revenue is provided by the on-site billboard lease, adding even more potential for passive income.With its desirable location near CSU Chico, shopping, and grocery stores, this property offers both a steady cash flow and long-term investment potential. Built in 2022 with modern highlights throughout, including stainless steel appliances, quartz countertops, and energy-efficient systems, this property is as stunning as it is functional. Don't miss out on this rare opportunity to own a versatile, high-demand rental property in a thriving area!Key Features:4 units: 2 x 2-bed, 1-bath and 2 x mirrored studio floor plans.Billboard lease for additional income.Centrally located near CSU Chico, shopping, and dining.High rental demand area with solid cash flow potential.Perfect for investors or those seeking a property with multiple income streams.
Property Type(s):
Residential Income
| Last Updated | 11/22/2024 | Year Built | 2022 |
|---|---|---|---|
| County | Butte |
Additional Details
| AIR | Ductless |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Electric Range, Gas Range, Ice Maker, Microwave, Tankless Water Heater, Water Heater, Water To Refrigerator |
| CONSTRUCTION | Drywall, Stucco, Wood Siding |
| EXTERIOR | Lighting, Rain Gutters |
| GARAGE | Gravel, On Site, Private |
| HEAT | Ductless |
| HOA DUES | 0 |
| INTERIOR | Ceiling Fan(s), High Ceilings, Open Floorplan, Quartz Counters, Recessed Lighting |
| LOT | 9148 sq ft |
| LOT DESCRIPTION | Back Yard |
| PARKING | Gravel,On Site,Private |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Contemporary, Modern |
| UTILITIES | Cable Connected,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Electric: Standard |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| WATER | Public |
Location
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Listed with Coldwell Banker C&C Properties
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