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Listed by Brandon Harris • Harris Commercial Real Estate
$ 1,760,000
Est. payment /mo
Active
642 W 1st AVE Chico, CA 95926
0.45 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSN25136861
Year Built 1984
Lot Size 0.450 Acres
Source California Regional MLS
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 upstairs-a 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
Location
State CA
County Butte
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Other
Exterior
Parking Features Other
Pool None
Roof Type Composition
Building
Lot Description Grade - Level
Foundation Concrete Slab
Water District - Public
Others
Tax ID 043170024000
Special Listing Condition Not Applicable
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