570 E 3rd AVE 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. . PROPERTY OVERVIEW . Total units: Total units: 3 . Unit C was renovated in 2020 and is fully furnished . Unit configurations: 1 bedroom, 1 bathroom . Total bedrooms/bathrooms: 3 beds, 3 baths . Total living area: ~1,800 sq ft . Unit sizes: Ranging from 550 to 650 sq ft . KEY FEATURES . In-unit laundry . Centrally located . Easy access to shopping, dining, and public transportation . Units have private yards . RENTAL INCOME POTENTIAL . Current rental rates are $1,495 per month per unit. . Gross monthly rental income: $4,800 . INVESTMENT HIGHLIGHTS . Full remodel in 2020 with all new plumbing, electrical, spray insulation, mini split HVAC, tankless water heaters, siding . Modern amenities reduce maintenance cost