840 W 6th St - Apartments FOR SALE


Chico, CA 95928- Downtown Chico
$2,525,000 USD
858-922-4181
840 W 6th St, Chico, CA for Sale
$2,525,000 USD
Apartments - FOR SALE
1/25
null | 5.92% Cap Rate

840 W 6th St
Chico, CA 95928
Downtown Chico


HIGHLIGHTS

  • Modern 2014 Construction With Meticulous Design and Finishes (AB 1482 Exempt Until 2029)
  • AEP Span "2015 Project of the Year"
  • Two Blocks From Chico State and Walking Distance to Downtown
  • Large Three-Bedroom, Townhouse Style Floor Plans With Washer/Dryer, Direct Access Garages and Dual Zone Climate Control.
  • 5.92% Current CAP Rate

OVERVIEW

ALIVE Commercial Real Estate is pleased to exclusively present Portland Place, a meticulously crafted, 2014-constructed multifamily property located in the heart of Chico, CA. The community consists of (8) large, three-bedroom three-bathroom floor plans with approximately 1,346 square feet each. Each unit is equipped with a full size washer and dryer, attached garage, private balcony and climate controlled heating and air conditioning. The combination of these interior/exterior attributes resulted in the reputable "AEP Span Project of the Year" award in 2015 for its design, color, and contribution to the university community. Portland Place provides a new owner the opportunity to acquire truly unique, pride-of-ownership asset with an attractive going-in yield.

FOR SALE DETAILS

PRICE

$2,525,000 USD

PRICE/SF

$177 USD /SF

# OF UNITS

8

PRICE/UNIT

$315,625

CAP RATE

5.92%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Priced Reduced!

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2014

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

R3

APN/PARCEL ID

004-204-006-000

ASK ABOUT THIS PROPERTY

Spencer MoyerALIVE Commercial Real EstateMore Info
858-922-4181

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Spencer MoyerALIVE Commercial Real EstateMore Info
858-922-4181

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