Description
Rare opportunity to own a 5-unit boutique multi-family property located in the most prime student housing neighborhood that Chico has to offer. Student properties that are located from West 2nd St. to West 5th St and from Normal St. to Orange St., this area makes up what is called the "Golden Rectangle of Chico student housing. This is the most in-demand location for student housing and thus offers the highest income potential in the area. This property offers the easiest walk to Chico State, Historic Downtown Chico, the best college bar in America; Rileys Bar, multiple fraternities & sororities, fantastic local restaurants, coffee shops, and the location for both Thursday and Saturday Farmers Markets. Many students live in this neighborhood and dont need a car because they can walk and bike almost anywhere that they need to go. Its almost 100% student housing, but the advantages are that you have a constant steady flow of renters. The current owner just completed an extensive remodel of the larger three-bedroom, one-bath unit in September of 2022. This remodel was complete with new paint, flooring, countertops, HVAC system, fixtures, and more. The three-bedroom is the newest of the remodeled units, but the entire property has been well-maintained and is ready for its new owners. Call your favorite realtor and set up a tour!
School Ratings & Info
Description
Rare opportunity to own a 5-unit boutique multi-family property located in the most prime student housing neighborhood that Chico has to offer. Student properties that are located from West 2nd St. to West 5th St and from Normal St. to Orange St., this area makes up what is called the "Golden Rectangle of Chico student housing. This is the most in-demand location for student housing and thus offers the highest income potential in the area. This property offers the easiest walk to Chico State, Historic Downtown Chico, the best college bar in America; Rileys Bar, multiple fraternities & sororities, fantastic local restaurants, coffee shops, and the location for both Thursday and Saturday Farmers Markets. Many students live in this neighborhood and dont need a car because they can walk and bike almost anywhere that they need to go. Its almost 100% student housing, but the advantages are that you have a constant steady flow of renters. The current owner just completed an extensive remodel of the larger three-bedroom, one-bath unit in September of 2022. This remodel was complete with new paint, flooring, countertops, HVAC system, fixtures, and more. The three-bedroom is the newest of the remodeled units, but the entire property has been well-maintained and is ready for its new owners. Call your favorite realtor and set up a tour!
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-22T08:27:51.567. 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.