570 East 3rd Avenue Chico, CA 95926

570 E 3rd Avenue is a charming, 3 unit property nestled in the heart of Chico, California. Built in 1956, each 1-bed, 1-bath unit offers contemporary amenities, seamlessly blending timeless mid-century charm with modern functionality for enhanced comfort and versatility. The property presents a compelling opportunity for investors seeking multiple units, proximity to a variety of amenities, and stable rental income. Its convenient location and updated features make it a valuable addition to a diversified real estate portfolio. o PROPERTY OVERVIEW o Total units: Total units: 3 o Unit C was renovated in 2020 and is fully furnished o Unit configurations: 1 bedroom, 1 bathroom o Total bedrooms/bathrooms: 3 beds, 3 baths o Total living area: ~1,800 sq ft o Unit sizes: Ranging from 550 to 650 sq ft o KEY FEATURES o In-unit laundry o Centrally located o Easy access to shopping, dining, and public transportation o Units have private yards o RENTAL INCOME POTENTIAL o Current rental rates are $1,495 per month per unit. o Gross monthly rental income: $4,800 o INVESTMENT HIGHLIGHTS o Full remodel in 2020 with all new plumbing, electrical, spray insulation, mini split HVAC, tankless water heaters, siding o Modern amenities reduce maintenance costs and enhance tenant satisfaction o Strong rental demand in the area supports consistent occupancy rates o Spacious and well-manicured yards increase appeal