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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
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
  • Listing ID: 40852229

  • Date on Market: 2026-06-09

  • Last Updated:

  • Address: 2217 Tapia Way, Chico, CA 95928

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