432 Nord Avenue, Chico, CA 95926
-
Listed Price :
$550,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1938
Property 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.
Interior Features
| Laundry Information |
| Location(s) |
Laundry Room |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
432 Nord Avenue |
| City |
Chico |
| State |
CA |
| Zip |
95926 |
| County |
Butte |
| Listing Agent |
Matt Depa DRE #01861484 |
| Courtesy Of |
Re/Max of Chico |
| List Price |
$550,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Single Family Residence |
| Structure Size |
N/A |
| Lot Size |
23,958 |
| Year Built |
1938 |
Listing information courtesy of: Matt Depa, Re/Max of Chico. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 7th, 2024 at 8:32 PM 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.
