931 W. East AVE Pending

Chico,CA 95926

$ 2695000

- Bed

- Bath

- SqFt


Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

MLS Listing ID SN24132093

Year Built 1980

Lot Size 0.750 Acres

Property Description

Compass Point Apartments is a well-maintained 20-unit multifamily property located in the charming town of Chico, CA. This complex comprises sixteen one-bedroom, one-bathroom units, and four two-bedroom, one-bathroom units, with spacious layouts of 725 and 825 square feet, respectively. Tenants at Compass Point enjoy a "homey" atmosphere within this low-density, colonial-style community. The current owner has invested hundreds of thousands of dollars over the past 20 years, resulting in a 'pride of ownership' property with many interior/exterior upgrades throughout. This offers the next investor the opportunity to bring rents to market rates and achieve a healthy return.

Location

State CA

County Butte

Zoning R4

Interior

Laundry Common Area

Exterior

Pool None

Community Features Suburban

Building

Lot Description 21-25 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Owner Will Carry

Listing Terms Owner Will Carry

Special Listing Condition Standard

View More
Favorite Go Tour