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Riverside Apartments

161-261 Cohasset Lane | Chico, CA 95926-2226, US

priceSubject To Offer
property typeCommercial Sale
year built1961
Image 1

highlights

•100% Occupancy: This property shines as a beacon of stability with every unit currently occupied, exemplifying its desirability and strong community appeal.
•Untapped Upside: Unleash the full potential of this property by implementing a strategic value-add approach. With thoughtful renovations and modern upgrades, you can maximize rental income and elevate its value to new heights.
•Strategic Location: Situated in a sought-after area, this property benefits from its proximity to essential amenities, public transportation, and major thoroughfares, enhancing its tenant allure and investment viability.
•Diverse Unit Mix: Offering a range of unit types, from cozy studios to spacious two-bedroom layouts, this property caters to a broad demographic, ensuring consistent demand in any market condition.
•Proven Revenue: With its impressive history of reliable rental income, this multifamily gem provides a strong foundation for immediate revenue generation, while promising even greater returns after value-enhancing initiatives.
•Limited Supply: Opportunities of this caliber are exceedingly rare. Discerning investors will recognize the distinct advantage of securing a property that aligns with their portfolio growth objectives.

property
details

STATUSActive
SALE PRICE PER UNIT$4,700,000
YEAR BUILT1961
PROPERTY TYPECommercial Sale
BUILDING SIZE31,000 SF
LOT SIZE2.83 acres
CAP RATE3.08%
SALE PRICESubject To Offer
STORIES2
OCCUPANCY %100%
ZONINGR4
DAYS ON MARKET772

property
description

Welcome to Riverside Apartments. This multifamily property represents a dynamic investment opportunity in a market hungry for quality housing options. With its existing stability, coupled with the potential for enhanced returns, this offering stands as a testament to the power of strategic value-add investments. The discerning investor who seizes this chance will undoubtedly position themselves for substantial financial growth and portfolio diversification. Don't miss the chance to acquire a rare gem that promises immediate stability and substantial future gains. Contact us today to schedule a private showing and explore the boundless potential that awaits with this remarkable 44-unit multifamily property.

location
description

161-261 Cohasset Lane | Chico, CA 95926-2226, US

Value Add Property in a central location with upside.

Brett Swarts

Brett Swarts

CA #01774876
(916) 886-2986
[email protected]

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