840 W 6th St
Chico, CA 95928
Portland Place · Multifamily Property For Sale · 8 Units

Portland Place is a rare chance to purchase an award-winning, newly constructed property in Downtown Chico. The asset consists of 8 units with 1,780 square feet, three bedrooms and three baths per unit. The units include full-size washers and dryers, modern kitchens, attached garages, and climate controlled central heating and air conditioning. The property is only an eight-minute walk to the corner of the CSUC campus, restaurants, nightlife, and an Amtrak station located on the adjacent block. Portland Place won the AEP Span Project of the Year award in 2015 for its design, color, and contribution to the university community. Chico is the most populous city in Butte County, with a population of 86,187 per the 2010 United States Census, approximately a 44% increase over 2000. CSUC remains an integral part of the local economy with Fall 2016 enrollment at 17,557 students. Chico is also known as the regional shopping destination, with major corporate retailers moving in such as Target, Kohls, Forever 21, Best Buy, and Walmart. The city is also experiencing a large amount of employment growth, with top employers including Enloe Hospital, and Sierra Nevada Brewing Company. Portland Place provides a new owner the opportunity to acquire truly unique, new construction asset with an attractive going-in yield. Very limited student housing availability coupled with a robust and growing economy has Chico garnishing state-wide attention. Please contact listing agent for all inquires and property tours.