2 Fremont St - Apartments FOR SALE


Chico, CA 95928
$6,200,000 USD
720-900-5872
2 Fremont St, Chico, CA for Sale
$6,200,000 USD
Apartments - FOR SALE
1/20
null | 5.85% Cap Rate

2 Fremont St
Chico, CA 95928


HIGHLIGHTS

  • 40 Unit Garden Apartments in Chico, CA.

OVERVIEW

This is the first true pride of ownership property I have ever represented. The ownership family spared no expense when operating this property for many years. All interiors have been thoughtfully renovated with contemporary finishes in the kitchens. Flooring has been upgraded. We have full section I clearances for termite and rot and there is no work needed. Two buildings have brand new roofs, and the other two buildings have roofs in very good condition. Landscaping has been very well maintained through the years. This asset can be put into immediate service with a minimum of CAPX for the next few years, and the management team in place can continue to represent new owners if desired.

FOR SALE DETAILS

PRICE

$6,200,000 USD

PRICE/SF

$164 USD /SF

# OF UNITS

40

PRICE/UNIT

$155,000

CAP RATE

5.85%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chico Meadows Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

106

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

R3

APN/PARCEL ID

002-260-021-000

ASK ABOUT THIS PROPERTY

William SheridanSFinvest Real EstateMore Info
720-900-5872

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William SheridanSFinvest Real EstateMore Info
720-900-5872

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