765 Humboldt Ave - Apartments FOR SALE


Chico, CA 95928
$965,000 USD
858-922-4181
765 Humboldt Ave, Chico, CA for Sale
$965,000 USD
Apartments - FOR SALE
1/26
null | 6.35% Cap Rate

765 Humboldt Ave
Chico, CA 95928


HIGHLIGHTS

  • Turn-Key Property With Significant Interior/Exterior Improvements Over the Last Four Years
  • 6.35% Current CAP Rate
  • Walking Distance to Downtown Chico
  • Low Maintenance Layout, Creating Operational Efficiencies

OVERVIEW

ALIVE Commercial Real Estate is pleased to exclusively present 765 Humboldt Avenue, a 6-unit multifamily community located in Chico, California. The property consists of (5) one-bedroom, one-bathroom units and (1) two-bedroom, one-bathroom unit—an attractive mix in a submarket largely saturated with larger two-, three-, and four-bedroom floor plans. Over the past four years, the property has undergone significant upgrades, including a full siding replacement, exterior paint, foundation upgrades and an interior renovation program completed on all 6 units. With a substantial portion of the heavy lifting already completed, a new owner is well-positioned to acquire a turn-key, fully occupied property with strong cash flow.

FOR SALE DETAILS

PRICE

$965,000 USD

PRICE/SF

$118 USD /SF

# OF UNITS

6

PRICE/UNIT

$160,833

CAP RATE

6.35%

% 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

1885

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R3

APN/PARCEL ID

004-450-009-000

ASK ABOUT THIS PROPERTY

Spencer MoyerALIVE Commercial Real EstateMore Info
858-922-4181

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Spencer MoyerALIVE Commercial Real EstateMore Info
858-922-4181

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