Chico, CA 95926,432 Nord Avenue
$550,000
Est. payment /mo
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3 BD
1 BA
0.55 Acres Lot
Active

432 Nord Avenue Chico, CA 95926

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UPDATED:

12/19/2024 07:24 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SN24200192

Bedrooms 3

HOA Y/N No

Lot Size 0.550 Acres

Property Description

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.
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.

Location

State CA

County Butte

Area Chico (95926)

Zoning Assessor

Interior

Cooling Central Forced Air

Building

Lot Description Sidewalks

Story 1

Sewer Septic Installed

Level or Stories 1 Story

Others

Acceptable Financing Cash, Conventional, Exchange

Space Rent $1,750

Listing Terms Cash, Conventional, Exchange


San Diego Regional MLS (SDMLS)
Listed by Steve Depa • Re/Max of Chico

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KayLani Rapp

Broker Associate | DRE#01306285

+1(949) 338-5615

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432 Nord Avenue