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Listed by Steve Belluomini • Corcoran Icon Properties • 650-578-0200
$ 2,550,000
Est. payment | /mo
14,240 SqFt
$ 2,550,000
Est. payment | /mo
14,240 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 14,240 sqft
Price per Sqft $179
MLS Listing ID ML82061341
HOA Y/N No
Year Built 2014
Lot Size 0.650 Acres
Property Sub-Type Other
Source Datashare MLSListings
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
Interior
Heating Forced Air
Flooring Hardwood
Fireplace No
Building
Water Public
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