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$ 1,100,000
Est. payment | /mo
0.51 Acres Lot
$ 1,100,000
Est. payment | /mo
0.51 Acres Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SN25278121
HOA Y/N No
Year Built 1984
Lot Size 0.510 Acres
Property Sub-Type Apartment
Property Description
811 West 2nd Avenue is a seven-unit apartment complex ideally located in the heart of Chico, just two blocks from Chico State University and close to Safeway, restaurants, shopping, public transportation, and downtown.
The property features six two-story, four-bedroom, two-bathroom units and one studio unit. There is also an additional studio unit that is currently unpermitted and is not included in the stated unit count. Off-street parking and the property's central location add to its overall rental appeal.
Several units have received recent updates, with additional opportunities for future improvements and rent growth. With its desirable unit mix, strong rental history, and excellent location near Chico State, this property offers a compelling investment opportunity in one of Chico's most consistently active rental areas.
The property features six two-story, four-bedroom, two-bathroom units and one studio unit. There is also an additional studio unit that is currently unpermitted and is not included in the stated unit count. Off-street parking and the property's central location add to its overall rental appeal.
Several units have received recent updates, with additional opportunities for future improvements and rent growth. With its desirable unit mix, strong rental history, and excellent location near Chico State, this property offers a compelling investment opportunity in one of Chico's most consistently active rental areas.
Location
State CA
County Butte
Interior
Heating Central
Fireplace No
Laundry None
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description Back Yard, Irregular Lot, Level, Paved
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 043162019000
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
Listed by Rick Sufuentes Parkway Real Estate Co. 530-864-4454, DRE #01486988
Nearby Locations
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Casey Durham
REALTOR® | Lic# 02067469