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$8,200,000
Est. payment /mo
6 Beds
7 Baths
1.4 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SN26027768
Bedrooms 6
Lot Size 1.400 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
MAJOR PRICE ADJUSTMENT OF OVER $500,000 TO ENHANCE BUYER ROI. Now priced well below replacement cost. Turn-key complex with stabilized occupancy and immediate cash flow with maximum tax benefits. Great opportunity to own a recently constructed apartment complex in southeast Chico. The complex is gated and has a pool and clubhouse. It is conveniently located near transportation arteries and the bike path along Little Chico Creek. The rear of one building and the patios and balconies look over the creek. The complex also has owned solar. The unit sizes are large: 1/1 units @t 816 to 850 SF; 2/2.5 units @ 1,050 SF; and 3/2.5 @ 1,451 SF. This investment grade property would work well for and 1031 exchange investor or one wanting to build wealth through apartment ownership. Pro forma income and expense information shown. Call or email for more information or for access.
Location
State CA
County Butte
Zoning Public Rec
Direction Take Forest Avenue To Humboldt and turn west, complex is on the south side of the street.
Interior
Heating Passive Solar
Fireplace No
Exterior
Pool Below Ground, Community/Common
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 002110034000
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
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Listed by Scott Hamm, DRE#00910514 Scott Hamm Realty
Nearby Locations
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908