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Single-Family

1574 East Ave & 2600 Marigold Ave

1574 East Ave & 2600 Marigold Ave, Chico, CA 95926

Listing Price: $2,305,000

Lot Size
4.41 acres
Price/Acre
$522,675
Land Type
Redevelopment

Investment Overview

Longtime-original owner is finally selling their prime development property. Zoned R-1, these parcels currently have a mix of single-family dwellings and duplexes comprising a total of eight units in various condition. While the possibility exists to rehab current units and collect rent, the highest and best use is most likely in redeveloping the property with 20-25 new single-family houses. Most tenants have been vacated in anticipation of construction. There also may be a possibility of re-zoning to multifamily (buyer must verify with city). Seller is offering ALL parcels together in AS-IS condition.

Investment Highlights

  • Rare east Chico infill opportunity
  • Four Contiguous Parcels Comprising a Total of 4.41 Acres
  • Redevelop into Subdivision or Renovate and Add Units
  • Ingress and Egress from Two Main Thoroughfares.

Exclusively Listed By

Single-Family

1574 East Ave & 2600 Marigold Ave

Listing Price: $2,305,000

Lot Size
4.41 acres
Price/Acre
$522,675
Land Type
Redevelopment

Investment Highlights

  • Rare east Chico infill opportunity
  • Four Contiguous Parcels Comprising a Total of 4.41 Acres
  • Redevelop into Subdivision or Renovate and Add Units
  • Ingress and Egress from Two Main Thoroughfares.

Investment Overview

Longtime-original owner is finally selling their prime development property. Zoned R-1, these parcels currently have a mix of single-family dwellings and duplexes comprising a total of eight units in various condition. While the possibility exists to rehab current units and collect rent, the highest and best use is most likely in redeveloping the property with 20-25 new single-family houses. Most tenants have been vacated in anticipation of construction. There also may be a possibility of re-zoning to multifamily (buyer must verify with city). Seller is offering ALL parcels together in AS-IS condition.

Exclusively Listed By

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