2915 Godman AVE new Save Request In-Person Tour Request Virtual Tour
Chico,CA 95973
Key Details
Property Type Multi-Family
Sub Type Triplex,Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,200 sqft
Price per Sqft $124
MLS Listing ID 632480
Bedrooms 10
Full Baths 5
Year Built 1950
Lot Size 0.690 Acres
Property Sub-Type Triplex,Multi Family
Property Description
2915, 2917, 2919 Godman Ave, known as Godman Arbor Commons, in Chico Ca represents a truly exceptional and strategic opportunity for the discerning investor or 1031 exchanger. This property uniquely combines a rare, R2-zoned | Min 6 units -14 units Max per Acre 69 acres | with significant medium-density development potential, immediate income-generating | former AirBNB ; rentals with existing homes ( per Seller ) comprising of 3 br | 1 ba Bonus Room= 1140 sf and 2 br | 1 ba | Shop=1000 sf capacity from high-demand rental markets, and a prime location within Chico's thriving real estate landscape. Despite its current fixer upper status | ie recent fire | July 2023 | on one of the homes at 2915 Godman | 5br | 2ba | 2500 sf | it offers a unique canvas for substantial value creation, promising both robust cash flow on the EXISTING income generating homes- 3 br | 1ba Bonus Room & 2 br | 1 ba - and significant long-term capital appreciation for those ready to seize this AMAZING OPPORTUNITY. Further, the subject property is located in the Infill Development | less than 5 acres | which may NOT require an Environmental Impact Study per City of Chico.
Location
State CA
County Butte
Interior
Cooling Central Heat/Cool
Fireplaces Type One Unit
Exterior
Parking Features Carport,Covered
Garage Spaces 3.0
Utilities Available Public Utilities
Roof Type Composition
Building
Lot Description Suburban,Corner Lot
Story 1
Foundation Concrete Perimeter
Sewer On,Public Sewer,Septic Tank
Water Public
Schools
High Schools Chico Unified
Others
Virtual Tour https://www.youtube.com/watch?v=sSx0l9VfHG0&t=53s