1991 Humboldt Road, Chico, CA 95928
List Price: $8.2M
Listing Status: Active
Original List Price: $8.78M
0Days on Market: 145
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 2023
Lot Size: 60,984 sq ft
Private Pool: Yes
MLS Number: SN26027768
About This Property
MAJOR PRICE ADJUSTMENT OF OVER $500,000 TO ENHANCE BUYER ROI. Now priced well below replacement cost. Turn-key complex with stabilized occupancy and immediate cash flow with maximum tax benefits. Great opportunity to own a recently constructed apartment complex in southeast Chico. The complex is gated and has a pool and clubhouse. It is conveniently located near transportation arteries and the bike path along Little Chico Creek. The rear of one building and the patios and balconies look over the creek. The complex also has owned solar. The unit sizes are large: 1/1 units @t 816 to 850 SF; 2/2.5 units @ 1,050 SF; and 3/2.5 @ 1,451 SF. This investment grade property would work well for and 1031 exchange investor or one wanting to build wealth through apartment ownership. Pro forma income and expense information shown. Call or email for more information or for access.
Listing provided by: Scott Hamm DRE #00910514 530-520-6208 hammer@scotthamm.com, Scott Hamm Realty
Source: CRMLS, MLS #: SN26027768
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.