Property Overview:
Pillsbury Square is a newly repositioned 18 unit multifamily community located within walking distance to major food and beverage and entertainment centers. Pillsbury Square o?ers a turnkey investment opportunity with major repairs and remodels done since 2016.
Investment Highlights
Stable rent roll in a low vacancy market with room for rents to grow before competing with newer construction.
Excellent physical condition. “Pride of Ownership” asset with recent upgrades to building systems and cosmetic upgrades.
Upgrades include, new roof, new exterior paint, new water heaters, new balconies and decks, some new HVAC units, new windows and sliders, new asphalt repair and striping, new signage, and over $80,000 in new interior remodel work ?nished since 2016.
Strategic location with high barriers to entry for new construction.
Short distance to entertainment, food and beverage, grocery, and retail shopping.
Short 5 minute commute to major local employers in the Chico Airport Industrial Park.
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