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1991 Humboldt Road

Chico CA 95928

6
7
60984 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

6 bedrooms
7 bathrooms
60984 sq. ft. lot size
Multi-Family

Happy sellers in Chico

62%
62% of sellers in Chico reported that their sale price either exceeded or met their price expectations.

Chico stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 13 reviews in Chico over the last 12 months.

Local market activity for 6 bedroom multi families in Chico

In the last 12 months, 3 six-bedroom multi families similar to 1991 Humboldt Road, have been sold.

This represents a 200% decrease in six-bedroom multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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