1122 Stewart Ave - Apartments FOR SALE


Chico, CA 95926
$1,049,000 USD
1122 Stewart Ave, Chico, CA for Sale
$1,049,000 USD
Apartments - FOR SALE
1/42
null | 4.53% Cap Rate

1122 Stewart Ave
Chico, CA 95926


HIGHLIGHTS

  • Near Chico State
  • Strong Rental History
  • Newly Renovated

OVERVIEW

Exceptional four-unit investment property in a sought-after neighborhood near CSU, Chico! Located at 1122 Stewart Ave, this multi-unit property offers a fantastic opportunity for both seasoned investors and those looking to start or expand their portfolio. All four units have been recently remodeled and are well-maintained, offering a mix of comfort and convenience for tenants. The property consists of two 3-bedroom, 1-bath units and two 2-bedroom, 1-bath units with bright, updated interiors, functional kitchens, and plenty of storage. Tenants enjoy the convenience of off-street parking, and the property features a shared outdoor space that provides a peaceful environment for relaxation or entertaining. Located close to Chico State University, local shops, dining, and public transportation, this property is in a prime rental location. The consistent demand for housing in this area, along with the property’s strong rental history, makes it a wise investment with immediate income potential. Whether you're looking for a property with reliable rental income or a low-maintenance addition to your investment portfolio, 1122 Stewart Ave is the perfect choice. Key Features: - 4 units with functional layouts - Prime location near Chico State, shopping, and dining - Strong rental history with excellent income potential - Off-street parking and shared outdoor spaces - Ideal for investors seeking stable, long-term returns - Potential to add an additional unit at the rear of the property (utilities already trenched) - Recent extensive remodel of each unit including roof, and all appliances, flooring, cabinets, bathrooms - New mini split air conditioning (3 years old) in each unit - Washer and dryer in all units except unit 2 Mortgage may be transferable at discretion of lender.

FOR SALE DETAILS

PRICE

$1,049,000 USD

PRICE/SF

$421 USD /SF

# OF UNITS

4

PRICE/UNIT

$262,250

CAP RATE

4.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Unit Rental Near CSU, Chico - 1122 Stewart

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1908

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

R1

APN/PARCEL ID

043-241-016-000

ASK ABOUT THIS PROPERTY

Michael LeeRyno CompanyMore Info

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Michael LeeRyno CompanyMore Info

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