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.
Property Type
Multi Family
Property Subtype 1
Triplex
Property Subtype 2
5 to 15 Units
Year Built
1950
Region
Suburban
Stories
One
Total Buildings
3
Total Units
3
Price Per Square Foot
$125
Price Per Acre
$941,812
Days On Market
152
Cumulative Days On Market
152
County
Butte
Documents Available
Zoning Description
REO / Bank Owned
No
Cross Street Address
Godman | Lassen
Directions
From San Joaquin Valley | Fresno | Clovis CA Get on CA-168 from N Villa Ave Take CA-99 N and CA-70 N to State Hwy 70 E/9th St in Marysville Follow CA-70 S, CA-149 N and CA-99 N to Godman Ave in Chico 2915 Godman Ave Chico, CA 9597
Special Disclosures
Building Restriction, Other
Heat / Cool
Central Heat/Cool
Roofing
Composition
Foundation
Concrete Perimeter
Disabled Features
One Level Floor
Fireplace
One Unit
Exterior
Stucco
Refrigerator
More than One Unit
Stove
More than One unit
Gas & Electric
Public Utilities
Sewer / Water
Public Water, Private Water, Public Sewer, Septic Tank
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Courtesy of Rufi Alday, Real Broker - [email protected] Last modified 5 months ago Fresno MLS last checked for updates 10 minutes ago
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