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Listed by Michael Lee • Ryno Company
$635,000
Est. payment /mo
7,841 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSN25102642
Year Built 1948
Lot Size 7,841 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
570 E 3rd Avenue is a charming, 3 unit property nestled in the heart of Chico, California. Built in 1956, each 1-bed, 1-bath unit offers contemporary amenities, seamlessly blending timeless mid-century charm with modern functionality for enhanced comfort and versatility. The property presents a compelling opportunity for investors seeking multiple units, proximity to a variety of amenities, and stable rental income. Its convenient location and updated features make it a valuable addition to a diversified real estate portfolio. . PROPERTY OVERVIEW . Total units: Total units: 3 . Unit C was renovated in 2020 and is fully furnished . Unit configurations: 1 bedroom, 1 bathroom . Total bedrooms/bathrooms: 3 beds, 3 baths . Total living area: ~1,800 sq ft . Unit sizes: Ranging from 550 to 650 sq ft . KEY FEATURES . In-unit laundry . Centrally located . Easy access to shopping, dining, and public transportation . Units have private yards . RENTAL INCOME POTENTIAL . Current rental rates are $1,495 per month per unit. . Gross monthly rental income: $4,800 . INVESTMENT HIGHLIGHTS . Full remodel in 2020 with all new plumbing, electrical, spray insulation, mini split HVAC, tankless water heaters, siding . Modern amenities reduce maintenance cost
Location
State CA
County Butte
Interior
Cooling Central AC
Laundry Washer, Dryer
Exterior
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 003444050000
Special Listing Condition Not Applicable
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