CHICO STATE INVESTMENT OPPROTUNITY! Opportunity awaits at 827 W. 2nd Avenue! Conveniently located near Chico State, this well-maintained property offers an appealing combination of immediate rental potential and exciting possibilities for the future. The existing home features a newer roof, fresh exterior paint, and a clean, move-in-ready presentation. Solar helps reduce electricity costs for occupants, adding another attractive feature for tenants. With estimated rental potential of approximately $2,400–$2,600 per month, this property could be an excellent addition to an investment portfolio or a smart option for parents purchasing housing for a Chico State student. What truly sets this property apart is the spacious backyard and R-3 zoning. The generous lot presents an opportunity to explore additional residential development, potentially including an ADU, duplex, or other multifamily configuration. A previous owner even explored plans for a triplex. Whether you're looking for rental income today, housing for a college student, or a property with longer-term investment possibilities, 827 W. 2nd Avenue deserves a closer look. Buyers should independently verify zoning, permitted uses, development capacity, utilities, setbacks, and all requirements with the City of Chico. Rental figures are estimates and are not guaranteed.

Prime Investment Property with Development Potential for more units! This property is located Close to Chico State, downtown and shopping. The current home offers a 4 bedroom 1 and 1/2 baths with hardwood floors, updated bathrooms, a large backyard, open floor plan and indoor laundry. It's currently rented at $2,300 per month with new tenants on a 1 year lease. This lot has the potential for additional units to be built. The seller has plans drawn for a triplex to be built on the back portion of the lot consisting of Three, Two story, 2 bedroom 2 bath units to maximize your ROI. Current home includes leased solar from Tesla to lower your tenants utility costs. This property is a great investment with the ability to expand!! Click on the 3D tour to see this home.