821 W East Ave - Apartments FOR SALE


Chico, CA 95926
$4,000,000 USD
408-621-2183
821 W East Ave, Chico, CA for Sale
$4,000,000 USD
Apartments - FOR SALE
1/30
null | 5.5% Cap Rate

821 W East Ave
Chico, CA 95926


HIGHLIGHTS

  • Great location along main corridor
  • Spacious units with rent upside through renovation
  • On site laundry provides added income
  • Community pool on site
  • Abundant parking

OVERVIEW

- Prime opportunity to purchase thirty-two (32) unit apartment complex available for sale located in Chico, CA. - Fantastic mix of twenty-four (24) two-bedroom/one-bath units and eight (8) one-bedroom/one-bath units. - All two-bedroom units are approximately 875 square feet and all one-bedroom units are approximately 700 square feet. - Built in 1977 and features a central parking area, spacious floor plans, on site laundry facilities and a community pool area. - Under market rents in place, allowing an investor the opportunity to take over a stable, income-producing asset in a strong rental market, renovate units and benefit from the upside in rents. - Walking distance to Raley’s Supermarket / ACE Hardware anchored shopping center. Short distance to both California State University and downtown Chico.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$111 USD /SF

# OF UNITS

32

PRICE/UNIT

$125,000

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eastwood Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

R4

APN/PARCEL ID

042-070-153-000

ASK ABOUT THIS PROPERTY

Alex KehriotisJMK Investments, Inc.More Info
408-621-2183

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Alex KehriotisJMK Investments, Inc.More Info
408-621-2183

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