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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 8,200,000

Est. payment | -/mo

6 Beds

7 Baths

1.4 Acres Lot

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$ 8,200,000

Est. payment | -/mo

Save

6 Beds

7 Baths

1.4 Acres Lot

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

Listed by Scott Hamm, DRE#00910514 Scott Hamm Realty

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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1991 Humboldt Road Chico, CA 95928