570 E 3rd AVE Chico, CA 95926

570 E 3rd Avenue is a charming, 3 unit property nestled in the heart of Chico, California.

Built in 1956, each 1-bed, 1-bath unit offers contemporary amenities, seamlessly blending timeless mid-century charm with modern functionality for enhanced comfort and versatility.

The property presents a compelling opportunity for investors seeking multiple units, proximity to a variety of amenities, and stable rental income. Its convenient location and updated features make it a valuable addition to a diversified real estate portfolio.

• PROPERTY OVERVIEW

• Total units: Total units: 3
• Unit C was renovated in 2020 and is fully furnished
• Unit configurations: 1 bedroom, 1 bathroom
• Total bedrooms/bathrooms: 3 beds, 3 baths
• Total living area: ~1,800 sq ft
• Unit sizes: Ranging from 550 to 650 sq ft

• KEY FEATURES

• In-unit laundry
• Centrally located
• Easy access to shopping, dining, and public transportation
• Units have private yards

• RENTAL INCOME POTENTIAL

• Current rental rates are $1,495 per month per unit.
• Gross monthly rental income: $4,800

• INVESTMENT HIGHLIGHTS

• Full remodel in 2020 with all new plumbing, electrical, spray insulation, mini split HVAC, tankless water heaters, siding
• Modern amenities reduce maintenance costs and enhance tenant satisfaction
• Strong rental demand in the area supports consistent occupancy rates
• Spacious and well-manicured yards increase appeal