1825 Magnolia Avenue
- Five-unit income property opportunity in Chico, CA.
- Five units across three buildings supporting flexible rental configurations.
- Shared courtyard offers functional outdoor space for tenant use.
- Located near Enloe Health and the Avenues with steady rental demand.
Property Description
This ±5-unit multifamily property is comprised of three separate buildings, offering a flexible layout suitable for a range of rental strategies. The all-original improvements offer character and present an opportunity for renovation or continued operation in current condition. Select units feature in-unit laundry, adding convenience for tenants and supporting rental stability. A shared central courtyard provides a functional common area for outdoor use and resident gathering. The unit mix and building configuration allow for potential repositioning to meet evolving market demand.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $565,000 |
| No. of Units: | 5 |
| Year Built: | 1960 |
| Lot Size: | 0.21 Acres |
| Opportunity Zone: | No |
| Price per unit: | $113,000 |
| Property Website | Click Here |
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