ALIVE Commercial Real Estate is pleased to exclusively present Compass Point Apartments, a 20-unit multifamily property located in the charming town of Chico, CA. This complex comprises sixteen one-bedroom, one-bathroom units, and four two-bedroom, one-bathroom units, with spacious layouts of 725 and 825 square feet, respectively. With the average single-family home price in Chico exceeding $500,000, making mortgage payments significantly higher than the average rent for one and two-bedroom apartments in the area, tenants at Compass Point enjoy a "homey" atmosphere within this low-density, colonial-style community. The current owner has invested hundreds of thousands of dollars over the past 20 years, resulting in a 'pride of ownership' property with many interior/exterior upgrades throughout. This offers the next investor the opportunity to bring rents to market rates without needing a substantial capital infusion.