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Listed by Rufi Alday • Real Broker
$ 649,850
Est. payment /mo
New
2915 Godman Chico, CA 95973
0.69 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRFR26014815
Style Cottage
Year Built 1965
Lot Size 0.690 Acres
Property Sub-Type Triplex
Source California Regional MLS
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 Forced Air
Laundry Other
Exterior
Parking Features Assigned Spaces, Other
Garage Spaces 6.0
Pool None
Building
Story One Story
Water Well
Architectural Style Cottage
Others
Tax ID 007220012000
Special Listing Condition Not Applicable
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