637 W 1st Ave, Chico, CA 95926

Property Description

Good units for sale. Owner is moving investments out of state and offers you this nice 4-plex. Rents are $2,780 per month this year. Leases are up for renewal by July. Move now to set the pace for tenants and rents for the next school year. These well-located apartments are very close to the CSUC Campus.... Location is good....Dual paned windows, laminate flooring, nice carpets. open floor plan. Modern little heat-pumps take care of heat and air in each apartment. Pantry storage space, recently repaired staircase, connected to City Sewer.... Condition is good.... This is the type of apartment that is both pleasant and affordable - just what many students and their parents look for.... Your market is good.... Good management is in place.... Compare the location, condition, market appeal, and the good management, and accurate numbers, with the other college area properties for sale. See that this is property has been maintained for value and is priced to sell. Photos are of a previously vacant unit, all these apartments are currently leased for the school year. Serious inquiries should request to see current photos of all units, financials, estoppels and reports, before booking a showing. PS the Pro Forms numbers are just this agent's wild guess - they sure seem low!