23
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$1,650,000
Est. payment /mo
5 Beds
0.87 Acres Lot
Pending
1612 Neal Dow Chico, CA 95926
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID SN26004411
Bedrooms 5
Lot Size 0.870 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
This premier 13-unit multifamily property presents an exceptional investment opportunity in the heart of central Chico. Ideally located in a highly sought-after area, the property offers convenient access to shopping, dining, entertainment, and major local amenities, making it consistently desirable for tenants. The property is 100% occupied and features a well-balanced unit mix, including seven 1-bedroom/1-bath units, five 2-bedroom/1-bath units, and a separate 2-bedroom single-family residence complete with a private patio and attached two-car garage. Each unit is thoughtfully designed with modern layouts, high-end finishes, and updated appliances. Residents enjoy private amenities along with shared outdoor spaces, including a community garden area, an open grass space and on-site laundry. The combination of modern conveniences, strong occupancy, and an attractive unit mix positions this property for continued demand. With its prime location, quality construction, and upside potential through future rental growth, this multifamily asset offers a compelling opportunity for investors seeking stable income and long-term value appreciation in one of Chicos most desirable rental markets.
Location
State CA
County Butte
Zoning Assessor
Direction Between E 5th Ave. and Lindo Ave.
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 045142007000
Acceptable Financing Cash
Listing Terms Cash
Listed by Brent Silberbauer eXp Realty of California, Inc.
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