1326 Mulberry, Chico, CA 95928

Description

Discover a unique opportunity at 1326 Mulberry Street, a well-maintained multi-unit property ideally located near downtown Chico, California State University, Chico, and a variety of shopping, dining, and entertainment options. Property offers a 6% CAP rate!! This triplex has two structures; a 2 bedroom 2 bath home in front, and a Duplex in the back with alley access. The duplex consists of a studio with a bathroom and a 1 bedroom 1 bath unit. All 3 units have fenced individual yards, separate meters, parking, and low maintenance yards.
The front residence was fully renovated in 2023 and offers an attractive floor plan featuring two large primary suites, each with a private en-suite bathroom. This layout is especially appealing for roommates, students, tenants seeking additional privacy, or someone looking to live on the property while taking advantage of the rental offset! If you are an FHA buyer, you may use the rents of the other units to qualify for your loan!! Interior upgrades include durable luxury vinyl plank flooring, an updated kitchen with modern finishes, and stylishly remodeled bathrooms. There is space for parking which is covered as well as plenty of off-street parking. A BRAND-NEW roof was installed in 2026 including new under sheathing and edge metal.
The entire exterior of the duplex has had extensive work done to repair the siding which includes a full paint job to match the front residence as well as an existing durable metal roof. Inside, you will find fresh paint, new carpet, new blinds, and functional layouts. The studio has a very large main room that has plenty of storage and the 1 bedroom has both a closet in the living room and main bedroom.
Whether you're an investor seeking a turnkey addition to your portfolio or an owner-occupant looking to generate supplemental income, this versatile multi-unit property offers an outstanding combination of location, functionality, and income potential.