1825 Magnolia Avenue

Chico, CA 95926

PRICE REDUCED

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-$10,000 (-1.60%)

$615,000

List Price

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1960

calendar_month Built

Property Description

Opportunity is knocking loud and clear with this unique investment property! Nestled near the heart of the avenues and close to Enloe Medical Center, this all-original 5-unit gem is a dream come true for savvy investors. With five units spread across three buildings, this property offers flexibility and charm. The large common courtyard is perfect for creating a welcoming community space where tenants can relax and enjoy the outdoors. Each unit comes equipped with its own laundry facilities, adding a layer of convenience that tenants will love. Located in a prime area, this property offers consistent rental demand and potential for growth. Whether you're looking to renovate and increase value or maintain the original charm, the possibilities are endless. Invest now and watch your portfolio thrive!

Listing Information

List Price $615,000
Status Active
MLS SN24144907
Type Residential Income
Subtype Apartment
Year Built 1960
Lot Size 9,148
Structure Size N/A
DOM 41
Courtesy Of Re/Max of Chico
Listing Agent Matt Depa DRE#01861484
Co-Listing Agent Steve Depa DRE#00813533

Interior Features

Laundry Information
Location(s) Inside
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Cooling Type
Cooling Type Central Air, See Remarks, Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Matt Depa, Steve Depa, Re/Max of Chico . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:23 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.