3 Scenic Ln, Chico, CA 95973

Property Description

Great investment property with 2 well maintained homes on a ½ acre lot zoned R2 but in the Airport overlay zone B2. In order to split the property and keep the front house and build a duplex on the rear portion, buyer would have to submit a variance and get it approved by ALUC (Airport Land Use Commission) and if they didn’t approve the variance, buyer could request city council overrule ALUC’s decision. City council has overruled for one of the parcels on this street already. Sewer is in the street with 2 laterals, one for each property, and reduced sewer connection fees apply! Main house is 3 bedrooms, 2 baths with newer roof, laminated wood floors, fireplace, 2 car garage, large yard, RV parking with dump station & electrical service. 2nd unit is a 2 bedroom, 2bath mobile that is not on a permanent foundation, but is a legal unit. Both units share one septic system but have individual water and PGE meters. Mobile rents for $800 and the front unit at a reduced rent of $550. Portfolio financing with local lenders available. Sq. ft., bed/baths , & lot size taken public records & has not been verified by agent. The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Buyer is advised to investigate to their satisfaction. Any information of special interest should be obtained through independent verification.