420 W 4th St, Chico, CA 95928
Single-family home
Sold March 2024
Listing Agent: Kimberly Shaffer (DRE #01415693) · Listing Office: Century 21 Select Real Estate, Inc. · Contact: 530-680-7685 · Bought with: Tommy Crudo · Compass · MLS #SN23213806 · Source: CRMLS
About this single-family home
This is a once in a life time opportunity to acquire a unique portfolio of properties located less than 2 blocks from the heart of Chico State University and downtown Chico. This standout investment opportunity features four single-family homes, encompassing a total of six units across four parcels, and is an ideal choice for those looking to diversify their investment portfolio in the real estate sector. These four Victorian homes have housed students for many years. Properties include a large private parking lot as an extra bonus. Built to last, these homes include beautiful hardwood floors, intricate woodworking details, and timeless character. Upgrades have been made over the years to all of the homes. Two of the houses had basement conversions to create bedrooms and two homes have large unfinished basements for extra storage. There may be additional room for another ADU behind one of the homes (buyer to verify). The location in this sought-after neighborhood drives strong rental demand, thanks to its close proximity to essential amenities, schools, and transportation. This investment is perfectly suited for both seasoned and first-time investors, offering a unique blend of the stability and growth potential inherent in real estate, making it a valuable and sustainable addition to any investment portfolio.
Listing description from the March 2024 sale, as reported to CRMLS.
Sale history