Historical Multifamily Sale Listing - Phoenix Apartments

Multifamily For Sale

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Phoenix Apartments

259 Rio Lindo Avenue, Chico, CA 95926

N/A

17 Units | Multifamily

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Multifamily Property - Off Market

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

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.

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

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Created 3/30/2011