1119 W Sacramento Ave - Apartments FOR SALE


Chico, CA 95926
$1,750,000 USD
530-899-5969
1119 W Sacramento Ave, Chico, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/29
null | 5.85% Cap Rate

1119 W Sacramento Ave
Chico, CA 95926


HIGHLIGHTS

  • Multifamily property including seven units
  • 4 Bedroom and 2 Bathroom units
  • Two grassy areas with outdoor BBQ's along with plenty of outdoor seating

OVERVIEW

This is a fantastic opportunity to own seven units that are each 1384 square foot, 4 bedroom 2 bath and fully rented in a great location, close to Chico State University and just a few short steps away from grocery stores, restaurants, bus lines and other conveniences. Each unit has it's own HVAC system, water heater, dual pane windows and a fully equipped kitchen with stove, refrigerator, dishwasher and garbage disposal and a built-in microwave in some of the units. There is the added bonus of a private laundry room in each unit with. There are three units in one building and two in each of the other buildings surrounding a central common courtyard and two lovely grassy areas with open BBQ's and plenty of outdoor seating. In 2018 each building's exterior was re-painted and new roofs installed (one building was re-roofed in 2017.) The interior of three of the units have been recently improved with light and bright finishes and laminate flooring. A fourth building on the property has a bathroom and was used as an office building in the past. It is currently being used for storage but you can explore other options as the new owner. Traditionally, vacancy rates have been incredibly low for this property due to it's amazing location.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$181 USD /SF

# OF UNITS

7

PRICE/UNIT

$250,000

CAP RATE

5.85%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

R2

APN/PARCEL ID

043-260-040-000

ASK ABOUT THIS PROPERTY

Laura WillmanCentury 21 Select Real EstateMore Info
530-899-5969

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Laura WillmanCentury 21 Select Real EstateMore Info
530-899-5969

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.