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    1574 East Ave

    Chico, CA 95926
    • $2,305,000
    • STATUS: Active
    • ON SITE: 31 days
    • ID#: SN21104215
    $2,305,000
    • 0
      BEDS
    • 4.41
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Longtime/original owner is finally selling their prime development property. Zoned R-1, these parcels currently have a mix of single family dwellings and duplexes comprising a total of 8 units in various condition. While the possibility exists to rehab current units and collect rent, the highest and best use is most likely in redeveloping the property with 20-25 new single family houses. Most tenants have been vacated in anticipation of construction. There also may be a possibility of re-zoning to multifamily (buyer must verify with city). Seller is offering ALL parcels together in AS-IS condition.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-15T20:38:33.457. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/117263274
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    1574 East Ave Chico, CA 95926

    • Price: $2,305,000
    • Status: Active
    • ID#: SN21104215
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.41
    Acres
    County:
    Butte
    Property Description
    Longtime/original owner is finally selling their prime development property. Zoned R-1, these parcels currently have a mix of single family dwellings and duplexes comprising a total of 8 units in various condition. While the possibility exists to rehab current units and collect rent, the highest and best use is most likely in redeveloping the property with 20-25 new single family houses. Most tenants have been vacated in anticipation of construction. There also may be a possibility of re-zoning to multifamily (buyer must verify with city). Seller is offering ALL parcels together in AS-IS condition.
    Exterior Features

    Lot Features 2-5 Units/Acre6-10 Units/Acre Road Frontage Type City Street View None View YN No

    Property Features

    Additional Parcels YN Yes Association Fee 0 Association YN No Common Interest None Community Features Suburban Electric Electricity - On Property Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan New Construction YN No Senior Community YN No Sewer Septic Type Unknown Special Listing Conditions Standard Utilities Electricity AvailableElectricity ConnectedElectricity Not AvailableNatural Gas AvailableNatural Gas ConnectedPhone AvailablePhone ConnectedWater AvailableWater Connected Water Source Public Zoning R-1

    Listing provided courtesy of Kody Marrs of Marcus & Millichap Real Estate Investment Services Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-15T20:38:33.457. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
     
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