2217 Tapia Way - Apartments FOR SALE


Chico, CA 95928
$650,000 USD
530-966-1296
2217 Tapia Way, Chico, CA for Sale
$650,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

2217 Tapia Way
Chico, CA 95928


HIGHLIGHTS

  • Located in a highly desirable master planned community. Walking distance to shops, coffee, ice cream, dining, events, pickleball courts, parks & more!
  • Rare 2 homes on 1 lot opportunity. Immediate income potential.
  • Low maintenance, built in 2022. Turnkey property.
  • Main home has a 2 car garage and a full size side-by-side washer/dryer in the home.
  • ADU above the garage has a private entrance & a reserved parking space next to the entrance w/ a stacked washer/dryer in the bedroom.

OVERVIEW

Rare investment opportunity in Meriam Park featuring two homes on one lot with a combined 1,657 square feet and no HOA. This income-producing property offers a highly sought-after combination of a single-story 2-bedroom, 2-bath main residence (1,121 SF) and a detached 1-bedroom, 1-bath ADU (536 SF) privately situated above the garage. The main home features luxury vinyl plank flooring, quartz countertops, stainless steel appliances, a kitchen island with bar seating, built-in desk, spacious primary suite with walk-in closet, attached two-car garage, and low-maintenance outdoor space. The detached ADU offers its own private entrance, separate utility meter, tall ceilings, private balcony, walk-in shower, stainless steel appliances, and stacked washer and dryer. Both units are currently tenant occupied, providing immediate income potential for investors. The separately metered ADU offers flexibility for long-term rental income, multigenerational living, employee housing, or future owner occupancy. Located in the highly desirable Meriam Park master-planned community, residents enjoy convenient access to pickleball courts, dog parks, walking trails, fitness studios, restaurants, coffee shops, neighborhood retail, medical offices, and year-round community events. Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or own a flexible property in one of Chico's most desirable communities, opportunities like this are rarely available. Photos were taken prior to tenant occupancy. Current appearance may vary

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$392 USD /SF

# OF UNITS

2

PRICE/UNIT

$325,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2217 Tapia Way

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2022

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,484 SF

ZONING

TND

APN/PARCEL ID

002-690-056-000

ASK ABOUT THIS PROPERTY

Nicole CarterCentury 21 Select Real EstateMore Info
530-966-1296

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Nicole CarterCentury 21 Select Real EstateMore Info
530-966-1296

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