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Investment Highlights
- Located in a highly desirable master planned community. Walking distance to shops, coffee, ice cream, dining, events, pickleball courts, parks & more!
- Low maintenance, built in 2022. Turnkey property.
- ADU above the garage has a private entrance & a reserved parking space next to the entrance w/ a stacked washer/dryer in the bedroom.
- Rare 2 homes on 1 lot opportunity. Immediate income potential.
- Main home has a 2 car garage and a full size side-by-side washer/dryer in the home.
Executive Summary
Rare investment opportunity in Meriam Park featuring two homes on one lot with a combined 1,657 square feet and no HOA. This income-producing property offers a highly sought-after combination of a single-story 2-bedroom, 2-bath main residence (1,121 SF) and a detached 1-bedroom, 1-bath ADU (536 SF) privately situated above the garage. The main home features luxury vinyl plank flooring, quartz countertops, stainless steel appliances, a kitchen island with bar seating, built-in desk, spacious primary suite with walk-in closet, attached two-car garage, and low-maintenance outdoor space. The detached ADU offers its own private entrance, separate utility meter, tall ceilings, private balcony, walk-in shower, stainless steel appliances, and stacked washer and dryer. Both units are currently tenant occupied, providing immediate income potential for investors. The separately metered ADU offers flexibility for long-term rental income, multigenerational living, employee housing, or future owner occupancy. Located in the highly desirable Meriam Park master-planned community, residents enjoy convenient access to pickleball courts, dog parks, walking trails, fitness studios, restaurants, coffee shops, neighborhood retail, medical offices, and year-round community events. Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or own a flexible property in one of Chico's most desirable communities, opportunities like this are rarely available. Photos were taken prior to tenant occupancy. Current appearance may vary
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $907,250 CAD | Lot Size | 0.08 AC |
| Price Per Unit | $453,625 CAD | Building Size | 1,657 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2022 |
| Apartment Style | Single-Family Home | Parking Ratio | 1.81/1,000 SF |
| Zoning | TND | ||
| Price | $907,250 CAD |
| Price Per Unit | $453,625 CAD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Lot Size | 0.08 AC |
| Building Size | 1,657 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2022 |
| Parking Ratio | 1.81/1,000 SF |
| Zoning | TND |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Vaulted Ceiling
- Ice Maker
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Yard
- Double Pane Windows
- Freezer
- Patio
- Vinyl Flooring
- Window Coverings
- Quartz Countertops
Site Amenities
- Private Bathroom
- Pickleball Court
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $3,343 CAD | 1,121 |
| 1+1 | 1 | $1,884 CAD | 536 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
60/100
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