432 Nord Avenue

Chico, CA 95926 Active for $550,000
 


Beds: N/A  Baths: N/A  Structure Size: N/A sqft  Lot Size: 23,958 sqft


Property Facts
MLS SN24200192
Year Built 1938
Property Type Single Family Residence
County Butte
Status Active
Active $550,000
Structure Size N/A sqft
Lot Size 23,958 sqft
Beds N/A
Baths N/A

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.

Listing information courtesy of: Matt Depa, Re/Max of Chico 530-896-9340. *Based on information from the Association of REALTORS/Multiple Listing as of 11/23/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


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