131 W 3rd

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131 W 3rd

Chico, California

$849,000

Overview

Residential
Property Type

3
Bedrooms

2
Bathrooms

1
Garage

4399
Sqft

650924
Property ID

Description

Within the Avenues and Blocks from Chico State, and Enloe Medical Center, this fully remodeled property offers something increasingly difficult to find.. a beautiful primary residence with income that meaningfully offsets your living expenses. The main home, located in the back, is a detached 3-bedroom, 2-bath with a private garage, quartz countertops, stainless steel appliances, and luxury vinyl plank flooring throughout. It has been thoughtfully updated and is move-in ready. The front house units include a remodeled 3-bedroom/1-bath, a 1-bedroom/1-bath, and two updated basement units. All are occupied and performing. That income works for you from day one. The configuration also lends itself naturally to multi-generational living, offering private, comfortable space for extended family while maintaining the independence everyone values. One basement unit connects to the upper 1-bedroom unit, allowing the property to qualify for conventional residential financing. For those with a longer view, a defined path exists to bring all units into full City of Chico conformance — converting this into a five-unit asset when the time is right. This is a home that rewards you today and positions you well for tomorrow.