5+ units income property in or near Chico

Well priced 5-plex close to CSUC and downtown. All units were originally 4 bed 2 bath, but a couple have had walls removed and are now 3/2s. can be easily converted back. Three are occupied, one vacant unit to rent (#18). One unit needs work before it can be rented.

This is 4.3 acres of development ground, not just 24 units. Build approximatley 26 new units while you collect rent on the existing units. Seller may also carry financing. 26 new units will bring in $1300 each with todays rents. This new Rental Income would total an additional $33,800 / month or $405,600 / year. Have developement approval from the City, call agent for actual unit count & phasing.