CA > Chico
Chico, CA 95973,2915 Godman
Chico, CA 95973,2915 Godman
Chico, CA 95973,2915 Godman
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$649,850
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0.69 Acres Lot
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2915 Godman Chico, CA 95973

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Mason Frakes

Mason Frakes

+1(805) 260-4860

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID FR25279247

Construction Status Repairs Cosmetic

HOA Y/N No

Year Built 1965

Lot Size 0.690 Acres

Property Sub-Type Triplex

Property Description

2915, 2917, 2919 Godman Ave, known as Godman Arbor Commons, in Chico Ca represents a truly exceptional and strategic opportunity for the discerning investor or 1031 exchanger. This property uniquely combines a rare, R2-zoned | Min 6 units -14 units Max per Acre 69 acres | with significant medium-density development potential, immediate income-generating | former AirBNB ; rentals with existing homes ( per Seller ) comprising of 3 br | 1 ba Bonus Room= 1140 sf and 2 br | 1 ba | Shop=1000 sf capacity from high-demand rental markets, and a prime location within Chico's thriving real estate landscape. Despite its current fixer upper status | ie recent fire | July 2023 | on one of the homes at 2915 Godman | 5br | 2ba | 2500 sf | it offers a unique canvas for substantial value creation, promising both robust cash flow on the EXISTING income generating homes- 3 br | 1ba Bonus Room & 2 br | 1 ba - and significant long-term capital appreciation for those ready to seize this AMAZING OPPORTUNITY. Further, the subject property is located in the Infill Development | less than 5 acres | which may NOT require an Environmental Impact Study per City of Chico.

Location

State CA

County Butte

Zoning R2

Interior

Heating Central

Fireplace No

Laundry Laundry Room

Exterior

Parking Features Carport, Driveway

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Biking

Utilities Available Cable Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Connected, Water Available

Total Parking Spaces 6

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 1

Entry Level One

Foundation Concrete Perimeter

Sewer Septic Tank

Water Well

Architectural Style Ranch

Level or Stories One

New Construction No

Construction Status Repairs Cosmetic

Others

Senior Community Yes

Tax ID 007220012000

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Lease Land No

CRMLS – RECore
Listed by Rufi Alday Real Broker 559-903-8127

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Mason Frakes

Mason Frakes

Broker Associate | License ID: 02036823

+1(805) 260-4860

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