ALIVE Commercial Real Estate is pleased to exclusively present the Jillian Lane Townhouses, a 2002 construction fourplex located in the desirable town of Chico, CA. 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, achievable through an interior renovation program. 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.
|Lot Size||0.34 Acres|
|Property Type||Residential Income|
|Listing Agent||Spencer Moyer|
|Listing Office||Alive Commercial Real Estate|
Listed by Spencer Moyer of Alive Commercial Real Estate. Listing data last updated 10/22/2020 at 4:38 PM PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/12/2020 9:19 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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