1991 Humboldt RD, Chico, CA 95928
1991 Humboldt RD, Chico, CA 95928
1991 Humboldt RD, Chico, CA 95928
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$8,200,000
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1.4 Acres Lot
Price Dropped by $575K

1991 Humboldt RD Chico, CA 95928

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Dema Wasel

Dema Wasel

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SN26027768

HOA Y/N No

Year Built 2023

Lot Size 1.400 Acres

Property Sub-Type Apartment

Property Description

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.

Location

State CA

County Butte

Interior

Heating Solar

Inclusions Washers/Dryers/Refrigerators/Pool Equipment

Fireplace No

Appliance Dryer, Washer

Laundry Laundry Closet

Exterior

Parking Features Assigned, Asphalt, Controlled Entrance

Pool Community, Fenced, In Ground

Community Features Biking, Dog Park, Pool

Total Parking Spaces 62

Private Pool No

Building

Lot Description 26-30 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 002110034000

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Green/Energy Cert Solar

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Scott Hamm Scott Hamm Realty 530-520-6208, DRE #00910514
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Dema Wasel

Dema Wasel

Agent | License ID: 02154426

+1(209) 292-3977

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1991 Humboldt RD