Description
Fantastic Opportunity to Acquire an Income Producing Multi-Family Property w/ HUGE Development Potential! This sprawling Chico compound, set on over 30,000 square feet, is the perfect opportunity for an income investor, owner-user, or Developer looking to build their next multi-family cash cow (up to 17 units under high density zoning buyer to verify w/ city)! Property consists of 4 units currently used as short-term rentals for maximum income potential, grossing $75,000+/year. ** 2915 Godman Ave: Approx. 2440 sq. ft. main residence (4 Bed/2 Bath) ** 2917 Godman Ave: Approx. 1140 sq. ft. Bungalow (3 Bed/1 Bath) ** 2919 Godman Ave: Approx. 1000 sq. ft. Bungalow (1 Bed/1 Bath) ** Studio: Approx. 650 sq. ft. Non-Conforming (1 Bed/1 Bath) ** Each unit is separately gated for privacy, metered for gas/electric, & has laundry, private yard/parking & all amenities. Abundant space for RV/Boat parking & storage. Property is minutes from major shopping, dining, entertainment areas & schools. Great income producing potential while planning your development - a unique opportunity not to be missed!
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