This Multifamily Property is Off-Market.

259 Rio Lindo Avenue
Chico, CA 95926 ·

17 Units · Multifamily For Sale

N/A

Print

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)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Chico Market Trends - Asking price index trends, sale price trends, asking rent trends

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)