Description
494 E. 5th St. consists of a beautifully renovated triplex along with two separate additional dwelling units, thus totaling 5 units in all. The previous owners spared no expense on a time period appropriate renovation. Apart from being beautiful to look at theyre functional featuring a new roof, new electrical and plumbing, new mini-splits with heat pump, new granite counters, custom doors and windows, new appliance packages, a new porch and overhang and so much more. One of the key features of this property is its location. Its right on the edge of the GOLDEN TRIANGLE. The Golden Triangle is typically considered the most prime Downtown residential Real Estate that Chico has to offer. This location offers tenants the ability to walk to restaurants, shopping, and nightlife downtown. Ride bikes, walk, or go swimming in Bidwell Park. It has convenient access to HWY 99 and HWY 32 so you can drive to most places in Chico in about 10 minutes or less. Youre very close to Chico State, but its not considered a student area so while its convenient, its also calm and quiet. The neighborhood features beautifully remodeled homes on iconic tree-lined streets. Currently, there is a very strong demand for smaller units like what this property has to offer. New owners can expect low vacancy rates, high rental demand, lower expense ratios, and other factors present in most class A multifamily properties. This property is truly one of a kind.
School Ratings & Info
Description
494 E. 5th St. consists of a beautifully renovated triplex along with two separate additional dwelling units, thus totaling 5 units in all. The previous owners spared no expense on a time period appropriate renovation. Apart from being beautiful to look at theyre functional featuring a new roof, new electrical and plumbing, new mini-splits with heat pump, new granite counters, custom doors and windows, new appliance packages, a new porch and overhang and so much more. One of the key features of this property is its location. Its right on the edge of the GOLDEN TRIANGLE. The Golden Triangle is typically considered the most prime Downtown residential Real Estate that Chico has to offer. This location offers tenants the ability to walk to restaurants, shopping, and nightlife downtown. Ride bikes, walk, or go swimming in Bidwell Park. It has convenient access to HWY 99 and HWY 32 so you can drive to most places in Chico in about 10 minutes or less. Youre very close to Chico State, but its not considered a student area so while its convenient, its also calm and quiet. The neighborhood features beautifully remodeled homes on iconic tree-lined streets. Currently, there is a very strong demand for smaller units like what this property has to offer. New owners can expect low vacancy rates, high rental demand, lower expense ratios, and other factors present in most class A multifamily properties. This property is truly one of a kind.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-23T00:28:41.777. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.