$489,000

Welcome to 1705 Spruce Avenue! This is a special home with tons of charm and character that includes a detached 1 bedroom, 1 bathroom cottage. This darling turn-of-the-century home in the Avenues is situated on a large corner lot, just a quick trip to historic downtown Chico’s restaurants and shopping, Chico State University, Bidwell Park and is just a few short blocks from the North Valley’s top regional hospital, Enloe Medical Center.The main home offers 3 bedrooms, 1 bathroom, a large living area, and a private fully fenced backyard with multiple raised garden beds. The home boasts updated dual-pane windows, central heating and air, and tankless water heater. The main home also has access to the detached 1-car garage with power and laundry hook-ups. The garage could also be a great workshop, she-shed, or additional storage space. Head over to the detached cottage and you’ll be greeted by a charming private entryway and access to its own separate, fenced yard. This cottage is simply adorable and boasts recent updates throughout, including the fully equipped kitchen and recently remodeled bathroom. The cottage also has its own postal address. Both the main home and detached guest cottage share a utility meter and the entire property is connected to the City Sewer system. Both units are fully occupied with leases into the new year, with a cap rate well above 5%. So whether this is an addition to your portfolio or a future home, you’ll have built-in income right from the start. Homes like this are few and far between so don’t miss your opportunity to call this quiet slice of Chico paradise your own.