825 Rio Chico Way, Chico, CA 95928

Property Description

Very desirable location! This charming three unit home is in a neighborhood where very few of these properties ever reach the open market as the strong local buyers/property owners vie for the few available properties. The CSUC campus is located immediately North and East of the property with "downtown" facilities within 2-4 blocks (walking and bicycle distance) as this area is the most popular with college age tenants due to the proximity of the University as well as the appealing eclectic mix of dwellings most of which are of historical significance and fairly well maintained. A 2019 appraisal states, "The existing residence in "as is" condition is highly marketable and located in a 100% college rental neighborhood. There were many items of postponed or deferred maintenance noted, however, there was no evidence of internal/external depreciation. This dwelling is said to have been the personal residence of the first president of the "Chico Normal School" now known as California State University-Chico CSUC-Chico." There is a full basement with half concrete, half dirt flooring. Plenty of off-street parking in rear ally. This is definitely a rare opportunity to own a piece of Chico's history!