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Listed by Steve Belluomini • Corcoran Icon Properties, DRE#01095848
$2,550,000
Est. payment /mo
14,240 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 14,240 sqft
Price per Sqft $179
MLS Listing ID ML82061341
Year Built 2014
Lot Size 0.650 Acres
Property Sub-Type Five or More Units
Property Description
Exclusive Investment Opportunity in Chico, CA This Recently Constructed multifamily asset presents an opportunity to acquire an 8- unit, 3 story townhome community built in 2014 on the corner of Orange and W 6 Streets in Chicos South Campus neighborhood, walking distance to Chico State. Designed with student housing in mind, all units are spacious 3-bedroom/3-bath townhomes with attached 2-car garages, offering a more upscale product than the typical Chico rental stock. The propertys small unit count and single-building footprint make it a manageable, turnkey hold for an investor looking to enter the Chico student- housing market without taking on a large-scale asset. Property Highlights 8 total units in a 3-story, townhome-style building Unit mix: all 8 units are 3 bed/3 bath (private bath per bedroom Attached 2-car garage per unit + 10 additional parking spaces South Campus Neighborhood - walking distance to CSU Chico and downtown Chico Managed by Hill Properties Granite countertops, vinyl plank flooring, full-size in-unit washer/dryer Individually controlled thermostats per bedroom (room-by-room climate control) plus in-unit A/C Landscaping service included by ownership; tenants historically pay a monthly utility surcharge for water/sewer/trash plus a share of PG&E
Location
State CA
County Butte
Zoning r3
Interior
Heating Central Forced Air
Cooling Multi-Zone
Flooring Carpet, Hardwood
Exterior
Parking Features Attached Garage
Garage Spaces 16.0
Utilities Available Public Utilities
Roof Type Other
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions Other
Tax ID 004-204-006-000
Security Features Other
Special Listing Condition Not Applicable
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