$1,175,000
$1,150,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
1252 Warner ST Chico, CA 95926
9,583 Sqft Lot
Key Details
Sold Price $1,175,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SN22020165
Sold Date 02/25/22
HOA Y/N No
Year Built 1980
Lot Size 9,583 Sqft
Property Description
What's better than predictable cash flow in a fast-growing town? Don't hesitate to act on this solid income-producing asset. Impeccable interior remodel allows tenants to live in luxury, without paying luxury prices. Absolutely turnkey and low maintenance, Water-efficient landscape, and minimal owner-paid PGE bill keeps expenses minimal and predictable. Just blocks away from Enloe hospital, Chico State, restaurants, and shopping. The scarcity of affordable studios, and sharply increasing demand makes this property a trophy asset that cannot be replicated. The strong Chico rental market has 2 colleges, the biggest hospital north of Sacramento, and a budding tech and startup scene. Chico is a hidden gem of California and is an ultra-attractive destination for young professionals and families moving outside of cities, seniors looking for a glorious retirement location, as well as students looking for an unparalleled college experience. Do not miss the opportunity to get in on a cash-flowing asset of this caliber, with management already in place will only make this a turnkey property that will pay dividends for years and years.
Location
State CA
County Butte
Zoning R3
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description No Landscaping
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 003051028000
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with John Barroso • Parkway Real Estate Co.