259 Rio Lindo Avenue
Chico, CA 95926 ·
17 Units · Multifamily For Sale
|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|
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.