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Listed by Spencer Moyer • Alive Commercial Real Estate
$ 2,695,000
Est. payment /mo
Pending
931 W. East Avenue Chico, CA 95926
14,900 SqFt
UPDATED:
01/14/2025 07:03 PM
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 14,900 sqft
Price per Sqft $180
MLS Listing ID SN-24132093
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
Parking Features Gated
Pool None
Community Features Suburban
Building
Lot Description 21-25 Units/Acre
Sewer Public Sewer