2240 Nord Ave - Apartments FOR SALE


Chico, CA 95926
$3,766,400 USD
916-929-0262
2240 Nord Ave, Chico, CA for Sale
$3,766,400 USD
Apartments - FOR SALE
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2240 Nord Ave
Chico, CA 95926


OVERVIEW

The 2240 Nord Avenue apartment project contains 208 approved apartment units in a fully gated community, and is approved under a SB330 application, and is ready for immediate development. 2240 Nord Avenue is located on the southeast corner of Nord Avenue (Highway 32) and West Lindo Avenue. The project is surrounded on three sides by existing single-family residential, and is only 1.4± miles to California State University Chico, with annual enrollment of 12,885± students. The project is approved with predominantly three building types of one-, two- and three-bedroom units. The project also provides a community clubhouse (approximately 3,200± square feet) containing a pool, a barbeque area, lawn area and additional outdoor space for tenant use. The project also includes a private dog park.

FOR SALE DETAILS

PRICE

$3,766,400 USD

PRICE/SF

$18 USD /SF

# OF UNITS

208

PRICE/UNIT

$18,108

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.95 AC

LAND SF

520,419 SF

ZONING

R-2

APN/PARCEL ID

042-140-176-000

ASK ABOUT THIS PROPERTY

Tom HarryBrown, Stevens, Elmore & SparreMore Info
916-929-0262

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Tom HarryBrown, Stevens, Elmore & SparreMore Info
916-929-0262

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.