Active

1122 Stewart Avenue

Chico CA, 95926

$1,049,000


$421.45 per sqft

Active

2,489 sqft

Multi-family

Built in 1908

Listed by Michael Lee with Ryno Company 5305703222

Exceptional four-unit investment property in a sought-after neighborhood near CSU, Chico!

Located at 1122 Stewart Ave, this multi-unit property offers a fantastic opportunity for both seasoned investors and those looking to start or expand their portfolio.

All four units have been recently remodeled and are well-maintained, offering a mix of comfort and convenience for tenants. The property consists of two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units with bright, updated interiors, functional kitchens, and plenty of storage.

Tenants enjoy the convenience of off-street parking, and the property features a shared outdoor space that provides a peaceful environment for relaxation or entertaining.

Located close to Chico State University, local shops, dining, and public transportation, this property is in a prime rental location. The consistent demand for housing in this area, along with the property's strong rental history, makes it a wise investment with immediate income potential.

Key Features:
* 4 units with functional layouts
* Prime location near Chico State, shopping, and dining
* Strong rental history with excellent income potential
* Off-street parking and shared outdoor spaces
* Ideal for investors seeking stable, long-term returns
* Potential to add an additional unit at the rear of the property (utilities already trenched)
* Recent extensive remodel of each unit including roof, and all appliances, flooring, cabinets, bathrooms
* New mini split air conditioning (3 years old) in each unit
* Washer and dryer in all units except unit 2

Whether you're looking for a property with reliable rental income
or a low-maintenance addition to your investment portfolio, 1122 Stewart Ave is the perfect choice.

Mortgage may be transferable at discretion of lender.

Please do not disturb tenants. No showings without an accepted offer.

SN24217204

MLS ID

October 21, 2024

Listed

December 5, 2024

Updated

Map

1122 Stewart Avenue
Chico CA, 95926

Interior Features

Total Stories

1


Interior Features

Ceiling Fan(s), Open Floorplan, Walk-In Closet(s)


Appliances

Built-In Range, Dishwasher, Gas Oven, Microwave, Refrigerator, Water Heater, Dryer, Washer


Floor Description

Laminate


Fireplace

No


Fireplace Description

None


Cooling

Yes


Cooling Description

Ductless


Heating

Yes


Heating Description

Ductless

Exterior/Building Features

Lot Size

0.3 Acres


Lot Features

2-5 Units/Acre, Near Public Transit, Paved, Rectangular Lot, Street Level


Sewer

Public Sewer

Other Property Details

Days on Market

44


Garage

No


Parking

Gravel, Off Street, Paved


Parking Total

0


View

No


County

Butte


Water Source

Public


Pool

No


Pool Features

None


Zoning

R1

Listing Contact: 530-343-2959 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/5/2024 at 5:23 AM UTC

 

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