CA > Chico
Chico, CA 95926,432 Nord AVE
Chico, CA 95926,432 Nord AVE
Chico, CA 95926,432 Nord AVE
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$550,000
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1,216 SqFt
Active

432 Nord AVE Chico, CA 95926

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Nate & Natalie Leon

Nate & Natalie Leon

+1(559) 765-9584

UPDATED:

10/22/2024 09:22 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,216 sqft

Price per Sqft $452

MLS Listing ID SN24200192

HOA Y/N No

Year Built 1938

Lot Size 0.550 Acres

Property Description

Exciting Investment Opportunity Near Chico State! This expansive property, over half an acre in size, is a prime investment located just steps from CSU Chico. Positioned conveniently off Nord Avenue, it offers quick access to local shopping, transportation, and the vibrant energy of Downtown Chico. The property includes a well-maintained 3-bedroom, 1-bath home featuring a welcoming layout with a functional kitchen, spacious laundry room, and thoughtful design. Beyond the existing home, the land holds great potential for further development, making it an ideal rental location due to its proximity to the University. For those seeking to capitalize on its location, two exciting development concepts have been explored: First option: Adding three duplexes, each two stories with 3-bed, 2-bath units, plus a 1-bedroom manager?s quarters near the front. This design retains the existing house, resulting in a total of eight rental units. Second option: Replacing the current home with nine three-story units, inspired by a successful previous project, and enhanced with unique Craftsman-style exteriors. Whether you choose to keep the current home or develop it further, this property?s unbeatable proximity to the University and local amenities makes it an exceptional investment in Chico.

Location

State CA

County Butte

Rooms

Ensuite Laundry Laundry Room

Interior

Laundry Location Laundry Room

Heating Central

Cooling Central Air

Fireplace No

Laundry Laundry Room

Exterior

Pool None

Community Features Sidewalks

Private Pool No

Building

Lot Description 6-10 Units/Acre, Back Yard

Story 1

Entry Level One

Sewer Septic Tank

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 043230031000

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Lease Land No

California Regional MLS (CRMLS)
Listed by Matt Depa • Re/Max of Chico • 530-896-9300

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Nate & Natalie Leon

Agent | License ID: 02038679/01708052

+1(559) 765-9584

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