2217 Tapia Way , Chico, CA 95928
Rare investment opportunity in Meriam Park featuring two homes on one lot w...
$650,000
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. Also listed as Residential Property SN26122898
Additional Information

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Year Built:2022
Size:1657 Sq. Ft.
Lot Size:0.08 Acres
Price:$392.28 per Sq. Ft.
MLS ID:SN26124754
Listing Type:Residential Income
Address
  • Internet Published
  • Income
  • Monthly Gross Income: $44940.00
  • Net Operating Income: $32140.00
  • Pool
  • Pool Type: None
  • Sale Type
  • Sale Type: Standard