9
See all 9 photos
$649,850
Est. payment /mo
10 Beds
0.69 Acres Lot
New
2915 Godman Chico, CA 95973
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID FR25279247
Bedrooms 10
Lot Size 0.690 Acres
Property Sub-Type Res Income 2-4 Units
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
Zoning Assessor
Direction From San Joaquin Valley | Fresno | Clovis CA Get on CA-168 from N Villa Ave Take CA-99 N and CA-70 N to State Hwy 70 E/9th St in
Interior
Fireplace No
Exterior
Utilities Available Septic Installed
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Restrictions Other/Remarks
Tax ID 007220012000
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Rufi Alday Real Broker
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