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Description
Opportunity is knocking!! This property boasts a prime location and exceptional potential for return on investment. This 6 Bedroom, 4 Bathroom Duplex sits on the corner of W 8th St and Normal Ave, just a few blocks from Chico State University and historic Downtown Chico. The downstairs unit features 5 bedrooms, and 3 bathrooms with an indoor laundry room, and the upstairs unit features a 1 bedroom and 1 bathroom. Both units are currently occupied with potential for rent growth. There is a vacant parking lot on the south side of the property with the potential for a value-add play. It has more than enough space to build an additional dwelling unit with up to 4 bedrooms and 4 more bathrooms. With an actual capitalization rate of over 6%, this is an opportunity you do not want to miss. Reach out to your Agent today to inquire about financials and current rents.
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they are derived is protected by copyright. Compilation © 2022 San Diego MLS. Updated: 25th March, 2023 5:16 PM (UTC)
BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of
an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly
prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a
brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which
they are derived is protected by copyright. Compilation © 2022 San Diego MLS. Updated: 25th March, 2023 5:16 PM (UTC)
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