This property is Off-Market

259 Rio Lindo Avenue
Chico, CA 95926 ·

17 Units · Multifamily For Sale

N/A

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Phoenix Apartments

Price N/A Commission Split 2.5%
No. Units 17 Cap Rate 7.40%
Building Size 13,215 SF Occupancy 88%
Property Type Multifamily No. Stories 1
Property Sub-type Garden/Low-Rise Year Built 1960
Property Use Type Investment Lot Size 53,578 SF
Listing ID: 17094934 Date Created: 03/30/2011 Last Updated: 06/13/2011

Description

This investment opportunity consists of a 17 unit well maintained apartment community located in a quiet cul-de-sac in the heart of Chico. Occupancy continues to remain at a high level for the 11 one bedroom and 6 two bedroom units nestled among a beautiful lawn common area. This property has been professionally managed for many years and owned by the same ownership for the past 16 years.


259 Rio Lindo Avenue Features:
" Eleven 1 bedroom/1 bath units. Six 2 bedroom/1 bath units.
" Beautifully manicured common area
" Laundry facility on site
" Off street covered parking
" All leases are 12 month leases
" Long Term Professional local management
" Long Term Ownership

Located in quiet cul-de-sac within one block of main artery connecting the North and South sides of Chico.

Research

259 Rio Lindo Avenue, Chico, CA 95926 (Butte County)

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