Multi-Family $ 649,850

2915 Godman AVE

Chico, CA 95973

  • 10 Beds
  • 5 Baths
    Full Baths: 5
  • 5,200 SqFt
  • 0.69 Lot Size
  • 1950 Year Built
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.
Listed by Real Broker

VIRTUAL TOUR

PROPERTY DETAIL

  • 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

  • Location

    State CA

    County Butte

  • Building

    Lot Description Suburban, Corner Lot

    Story 1

    Foundation Concrete Perimeter

    Sewer On, Public Sewer, Septic Tank

    Water Public, Private

  • 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

  • Schools

    High Schools Chico Unified

  • Others

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

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CONTACT

Rufi Alday
Rufi Alday

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