Unique Investment Opportunity
3 Single Family Homes on 1 Parcel in Desirable North Chico
Potenial Subdivision for Development or Parcel Split

The timing is perfect and the opportunity is here. This property is situated on a beautiful tree-lined street which connects 2 major roads - Eaton Road and E Lassen Ave. It's in a great neighborhood, has easy access to Highway 99, is convenient to lots of shopping, and it's so close to some major new home developments. The property next door, Baltar Estates, is a new housing community with 52 units on 6.9 acres - a mix of single family homes and duplexes. Just up the street are 2 new home communities under construction - Godman Ranch and McKinney Ranch. You can find more information and photos on the Chico Developments page.

Real Showing proudly presents a unique piece of real esate for sale situated in a beautiful neighborhood in North Chico. This property currently has 3 homes on it which may be torn down to give way for a new housing complex with up to 10 units. The city of Chico is experiencing explosive growth right now and would like to see high density housing in this part of town.

Zoning: R-2 - Medium Density Residential
Gross Acreage: 0.767
Total Potential Units: 10
Density: 13.04 units/acre
APN: 007-220-012

The property has 3 single family homes on it and has been producing a steady income. One of the homes is currently occupied by the owner. Anyone looking to develop this property can enjoy the benefit of having a steady cash flow during the planning process. The acreage of the property allows for 10 units to be built. Dwelling types may include attached or detached single family housing, duplexes, triplexes and townhouses. This is an excellent opportunity for developers. AS-IS sale.

Asking Price: $1,395,000

make an offer directly to the owner >

All information herein is believed to be correct, but we do not guarantee its accuracy and rely on prospects to rely only on their own investigations.