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$649,850

Est. payment - /mo

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10 Beds

5 Baths

5,200 SqFt

New

2915 Godman AVE Chico, CA 95973

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

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Key Details

Property Type Multi-Family

Sub Type Triplex,Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,200 sqft

Price per Sqft $124

MLS Listing ID 632480

Bedrooms 10

Full Baths 5

HOA Y/N No

Year Built 1950

Lot Size 0.690 Acres

Property Sub-Type Triplex,Multi Family

Property Description

2915, 2917, 2919 Godman Ave, known as Godman Arbor Commons, in Chico Ca represents a truly exceptional and strategic opportunity for the discerning investor or 1031 exchanger. This property uniquely combines a rare, R2-zoned | Min 6 units -14 units Max per Acre 69 acres | with significant medium-density development potential, immediate income-generating | former AirBNB ; rentals with existing homes ( per Seller ) comprising of 3 br | 1 ba Bonus Room= 1140 sf and 2 br | 1 ba | Shop=1000 sf capacity from high-demand rental markets, and a prime location within Chico's thriving real estate landscape. Despite its current fixer upper status | ie recent fire | July 2023 | on one of the homes at 2915 Godman | 5br | 2ba | 2500 sf | it offers a unique canvas for substantial value creation, promising both robust cash flow on the EXISTING income generating homes- 3 br | 1ba Bonus Room & 2 br | 1 ba - and significant long-term capital appreciation for those ready to seize this AMAZING OPPORTUNITY. Further, the subject property is located in the Infill Development | less than 5 acres | which may NOT require an Environmental Impact Study per City of Chico.

Location

State CA

County Butte

Interior

Cooling Central Heat/Cool

Fireplaces Type One Unit

Appliance Refrigerator: More than One Unit, Stove: More than One unit

Exterior

Parking Features Carport, Covered

Garage Spaces 3.0

Utilities Available Public Utilities

Roof Type Composition

Building

Lot Description Suburban, Corner Lot

Story 1

Foundation Concrete Perimeter

Sewer On, Public Sewer, Septic Tank

Water Public, Private

Schools

High Schools Chico Unified

Others

Virtual Tour https://www.youtube.com/watch?v=sSx0l9VfHG0&t=53s

Listed by Real Broker

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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