$550,000
For Sale

432 Nord Avenue

Chico, CA 95926
0.55 acres | #SN24200192
Listing OfficeRe/Max of Chico
Browse 20 photos
Type:Multi-Family
Structure:House
Zone:Commercial

Description

Exciting Investment Opportunity Near Chico State! This expansive property, over half an acre in size, is a prime investment located just steps from CSU Chico. Positioned conveniently off Nord Avenue, it offers quick access to local shopping, transportation, and the vibrant energy of Downtown Chico. The property includes a well-maintained 3-bedroom, 1-bath home featuring a welcoming layout with a functional kitchen, spacious laundry room, and thoughtful design. Beyond the existing home, the land holds great potential for further development, making it an ideal rental location due to its proximity to the University. For those seeking to capitalize on its location, two exciting development concepts have been explored: First option: Adding three duplexes, each two stories with 3-bed, 2-bath units, plus a 1-bedroom manager’s quarters near the front. This design retains the existing house, resulting in a total of eight rental units. Second option: Replacing the current home with nine three-story units, inspired by a successful previous project, and enhanced with unique Craftsman-style exteriors. Whether you choose to keep the current home or develop it further, this property’s unbeatable proximity to the University and local amenities makes it an exceptional investment in Chico.

  • Property Details
      • Lot DescriptionSixToTenUnitsAcre, BackYard
      • Property SubtypeSingleFamilyResidence
      • Property TypeMulti-Family
      • Sewer InformationSepticTank
      • MLS #SN24200192
      • MLS #SN24200192
      • Original List Price$550,000
      • Utility SourcePublic
      • Cost550000
      • CountyButte
      • Acres0.55
      • Year Built1938
      • Stories1

Location

Cristina Arneson-CabreraReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
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