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$ 2,550,000
Est. payment | /mo
0.65 Acres Lot
$ 2,550,000
Est. payment | /mo
0.65 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82061341
HOA Y/N No
Year Built 2014
Annual Tax Amount $34,100
Lot Size 0.650 Acres
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
Fireplace No
Exterior
Carport Spaces 10
Roof Type Other
Building
Water Public
Schools
School District Chico Unified
Others
Tax ID 004204006000
Special Listing Condition Standard
Listed by Steve Belluomini Corcoran Icon Properties #01095848
Nearby Locations
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