$1,595,000

642 W 1st Avenue, Chico, CA 95926

  • 12 beds |
  • 6 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.45acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

College Place | 642 W. 1st Avenue | Prime Chico Multi-Family Investment Opportunity Harris Commercial is pleased to present College Place, an exceptional 8-unit multi-family investment opportunity located at 642 W. 1st Avenue in Chico, California. Ideally situated within walking distance to both California State University, Chico and downtown Chico, this property offers strong existing income, long-term upside, and an unbeatable location. College Place consists of two buildings, each with four large, townhouse-style apartments, all fully leased and 100% occupied. Each 4-bedroom, 2-bath unit is thoughtfully laid out with a downstairs bedroom, bathroom, kitchen, and living area, and three bedrooms and a second bathroom upstairsa layout perfectly suited for student and group living. One of the units has been completely remodeled, commanding rents approximately 8% higher than the others, providing a clear value-add opportunity for future ownership. Additional highlights include: - Individually metered for electric, gas, and water a rare and valuable feature that shifts utility costs to tenants - Connected to city sewer and full municipal services - Private fenced patios for each unit - Low-maintenance, professionally redesigned landscaping to minimize ongoing expenses - Fenced common rear yard with bike racks and BBQ area - Professionally managed for many years with stable operations and low vacancy With a desirable unit mix, separate utility metering, professional management, and premium walkability, College Place offers a rare opportunity to acquire a high-performing, easy-t

Listing Status:
Active
Listing Office:
Harris Commercial Real Estate : 530-419-1600
Listing Agent:
Brandon Harris : 530-828-9289
MLS ID:
SN25136861
  • A/C: Central Forced Air
  • Pool: N/K
  • Roofing: Composition
  • General: StuccoVinyl2 Story
  • HOA Amenities: 0.0
  • Originating MLS: California Regional MLS
  • County: Butte
  • Zoning: Assessor043170024000
  • Source: California Regional MLS

This listing courtesy of Brandon Harris, Harris Commercial Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Citrus Avenue Elementary School

1350 Citrus Ave, Chico, CA, 95926

Grades KG-5

0.34 miles away

C

Chico Junior High School

280 Memorial Way, Chico, CA, 95926

Grades 6-8

0.86 miles away

C

Chico High School

901 Esplanade, Chico, CA, 95926

Grades 9-12

0.55 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.