997 E 16th Street
- Three-home investment with development upside in Chico, CA.
- Existing residences provide immediate rental income and occupancy flexibility.
- Potential for additional ADUs and future lot split opportunities, subject to approvals.
- Current cash flow with projected upside through future development and value-add improvements.
Property Description
Located in Chico’s established residential area, the property offers convenient access to shopping, public transportation, and major city corridors. Nearby amenities and employment centers support long-term rental demand, while proximity to Sierra Nevada Brewing Co. and surrounding destinations enhances neighborhood accessibility and appeal.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $935,000 |
| No. of Units: | 3 |
| Average Occupancy: | 6.81 |
| Year Built: | 1962 |
| Lot Size: | 0.83 Acres |
| Opportunity Zone: | No |
| Price per unit: | $311,667 |
| Property Website | Click Here |
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