Property Detail

Description

This is an incredible investment description for a classic multi-family OR income property setup! 234 W 14th St and 228 W 14th St, this triplex opportunity in Chico's historic Barber District offers an ideal arrangement for a multi-generational setup, a house-hacking buyer, or a standard income property. Highly desirable for investors: • The Main House (234 W 14th St): A 1930s Craftsman with excellent character features like a raised front porch, a cozy fireplace, and an upstairs loft with its own private covered balcony. The secondary side entrance adds highly desirable flexibility, allowing you to split the main home further or offer private access if you rent out rooms individually. The Basement Apartment: Fully finished with a kitchen, living area, and bathroom. Because it is accessed from the rear and opens up to a large concrete patio, it feels like its own distinct, private residence rather than a shared basement space. • The ADU (228 W 14th St): Positioned to the right, this separate detached small home functions completely independently, previously utilized as a 2-bedroom unit with direct backyard access. Benefits: Separate Meters: This is one of the biggest wins for a landlord. Having separate utility meters means tenants pay for their own electricity and gas directly, significantly lowering your overhead costs and eliminating utility disputes. Common Laundry in garage, Private Laundry in main house: While the separate garage has a utility room designated for common laundry, the main house also features indoor laundry hookups. This gives you the option to provide premium in-unit laundry for your main tenant while maintaining a coin-op or shared setup for the other units. The Barber District Location: Known for its rich history, tree-lined streets, and proximity to downtown Chico and the old Diamond Match Factory area, this neighborhood has seen a strong uptick in demand from tenants looking for charm and convenience. This is your chance- build equity by making this your own home or a fantastic income property!