Discover a rare investment opportunity with two charming homes on a popular corner Chico lot, each currently operating as successful s! The main home, built in the 1920s, showcases timeless character with soaring ceilings, beautiful original hardwood floors, and a bright sunroom overlooking the pool with all-new windows. The thoughtful floor plan includes three bathrooms--one fully remodeled to be handicap accessible with railings and a ramp. Recent upgrades bring peace of mind, including brand-new exterior paint, a Trex front porch, and a replaced $15k sewer line. Outside, you'll find an abundance of fruit trees--peach, cherry, and fig--adding to the charm of this unique property. The sparkling pool was resurfaced just last year and includes a brand-new pool sweep, creating the perfect summer retreat. At one time, the home was configured as an 8-bedroom property, offering easy potential to convert back for additional rental income. The permitted cottage, once a garage, has its own address and is currently an favorite. It offers private laundry and versatile living space, along with a pool house featuring an on-demand hot water heater and a newer split HVAC system for comfort year-round. Whether you envision multi-generational living, a live/work setup thanks to the commercial zoning, or simply continuing its use as income-producing vacation rentals, this property offers unmatched versatility. Both homes enjoy private layouts, updated amenities, and flexible use options--live in one while renting the other, or maximize investment potential by running both as rentals. With ample parking, handicap-friendly updates, and prime proximity to Downtown Chico, Bidwell Park, schools, restaurants, and shopping, this property is as versatile as it is valuable. Opportunities like this--offering character, upgrades, and income potential--rarely hit the Chico market.