$450,000

Investment opportunity with tons of potential in a great Chico location! Situated on a tree-lined corner lot, this unique property features four separate units, including a two-story triplex and a detached one-bedroom cottage. Full of character and opportunity, this property is ready for someone with a little vision and a willingness to put in some TLC! The triplex includes two downstairs units and one larger upstairs unit. 986 Salem is a one-bedroom, one-bath unit featuring hardwood floors, separate living and dining areas, and a quaint kitchen. 986 Salem offers one bedroom, one bathroom, an open kitchen, and direct access to the backyard, which has previously been used for gardening. Upstairs, 988 Salem features two bedrooms, a spacious bonus room offering additional storage or flexible-use space, a Jack-and-Jill bathroom with a tile shower, hardwood floors, and a gas range. Tucked away from the main building, 988 Salem is a detached one-bedroom, one-bath cottage featuring an open kitchen and living area, a separate indoor laundry room, a new electric range, and access to the yard. The units have window air conditioning units and wall furnaces, while mature trees provide plenty of shade and add to the property's established charm. The property does need some repairs and updating, but with four individual addresses, a variety of unit layouts, and a convenient Chico location, there's plenty of potential to make improvements and add value over time. Whether you're looking to expand your investment portfolio or take on a property with upside potential, this could be a great opportunity to make it your own!