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