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Key Details
Sold Price $790,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $171
MLS Listing ID SN20206556
Sold Date 01/12/21
HOA Y/N No
Year Built 2002
Lot Size 0.340 Acres
Acres 0.34
Property Description
Built in 2002, the property is comprised of four 1,150 SF three-bedroom/two-bathroom townhouse style floor plans with attached direct access garages, private enclosed backyards and an open-living layout ideal for renters and tenants alike. Although the property has been very well maintained, a new owner will have the opportunity to capitalize on a 20% upside in rents. The population growth in Chico has not been met with sufficient housing construction, resulting is very strong single-family price appreciation and rent growth over the last several years. Current rents at Jillian are well below market and ripe for a new owner to capitalize on the opportunity.
Jillian lane is ideally situated along Burnap avenue, conveniently tucked away on a private cul-de-sac street on the north east end of Chico, CA. The property benefits from convenient access to retail and shopping (Trader Joe's anchored shopping center 0.8 miles away) as well as a short three mile drive or bike ride to Bidwell park, California's third largest municipal park. Chico's gentrification over the last 10 years has resulted in strong Y-O-Y
population growth, making it one of the most desirable and affordable places to live in the Northern California Valley.
Location
State CA
County Butte
Rooms
Ensuite Laundry In Garage
Interior
Interior Features Open Floorplan
Laundry Location In Garage
Heating Central
Cooling Central Air
Fireplace No
Appliance Dryer, Washer
Laundry In Garage
Exterior
Garage Direct Access, Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Hiking, Street Lights, Suburban, Sidewalks
Parking Type Direct Access, Garage
Total Parking Spaces 8
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 007570034000
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Jason Burkhart • Sereno Group
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960