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Listed by Rufi Alday • Real Broker
$649,850
Est. payment /mo
1,116 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,116 sqft
Price per Sqft $582
MLS Listing ID CRFR26014815
HOA Y/N No
Year Built 1965
Lot Size 0.690 Acres
Property Sub-Type Triplex
Source Datashare California Regional
Property Description
Investor Opportunity | 1031 Exchange Chico Gem | Welcome to 2915, 2917, 2919 Godman Ave, known as Godman Arbor Commons, in Chico Ca represents a truly exceptional and strategic opportunity for the discerning investor or 1031 exchanger. This property uniquely combines a rare, R2-zoned | Min 6 units -14 units Max per Acre. 69 acres | with significant medium-density development potential, immediate income-generating | former AirBNB ; rentals with existing homes ( per Seller ) comprising of 3 br | 1 ba Bonus Room= 1140 sf and 2 br | 1 ba | Shop=1000 sf capacity from high-demand rental markets, and a prime location within Chico's thriving real estate landscape. Despite its current fixer upper status | ie recent fire | July 2023 | on one of the homes at 2915 Godman | 5br | 2ba | 2500 sf | it offers a unique canvas for substantial value creation, promising both robust cash flow on the EXISTING income generating homes- 3 br | 1ba Bonus Room & 2 br | 1 ba - and significant long-term capital appreciation for those ready to seize this AMAZING OPPORTUNITY. Further, the subject property is located in the Infill Development | less than 5 acres | which may NOT require an Environmental Impact Study per City of Chico ( Buyer to verify )
Location
State CA
County Butte
Interior
Heating Central
Fireplace No
Laundry Inside
Building
Water Well
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