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About This Home
This 10-bedroom, 6-bathroom multi-family at 131 W 3rd in Chico, CA is listed for $829,000 ($150 per sqft). Built in 1963, the home offers 5,512 sqft of living space on a 0.14 acres lot.
Avenues Multiplex consisting of 1 home and 2-4 apartments (Quadplex: 2 units + 2 additional non-conforming basement units + 1 single Family Home) Three blocks from Chico State and Enloe Hospital, This two-building, one-lot property offers a rare combination of immediate income and significant upside. The rear property (133) features a detached 3BD/2BA house with an one-car garage currently operating as a part-time AirBnB rental generating approximately $2,500/month with significant upside if operated full time. This home was fully remodeled with luxury amenities such as quartz countertops, stainless steel appliances, and high end luxury vinyl plank flooring. The front building delivers a remodeled 3BD/1BA and a 1BD/1BA, both tenanted and performing.
Two additional basement units are present and occupied, each recently updated with new tile flooring, walk-in showers, and fresh paint. One basement unit is a 2/1 with mini split, washer/dryer, and quartz countertops. The second basement unit is a 1/
1 that can rent connected to the top 1/1 to qualify this property for traditional residential financing. A clear path exists to bring all units into City of Chico conformance through targeted egress improvements converting this three unit into a five-unit asset.
Key Features
- Built in 1963
- 0.14 acre lot
- 2 stories
- 1 parking spaces
Property Details
Monthly Cost Estimate
$4,434/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
131 W 3rd
Chico, CA 95926
Features & Amenities
Exterior Features
Property Details
Heating
Questions & Answers
This 10-bedroom, 6-bathroom multi-family at 131 W 3rd is listed at $829,000 ($150/sqft). The estimated monthly payment is $3,592 based on 20% down at 6.5% interest.
Key features include: Built in 1963, 0.14 acre lot, 2 stories, 1 parking spaces. Exterior Features: Community Features Included: Curbs, Biking, 6-10 Units/Acre.
This property is listed by Matthew Herman and can be reached at 5302127373 or matt@legacyinvestmentsre.com.