STRATIGIC PRICE IMPROVEMENT OF OVER $500,000 - PRICED BELOW REPLACEMENT COST. Great opportunity to own a recently constructed apartment complex in southeast Chico. The complex is gated and has a pool and clubhouse. It is conveniently located near transportation arteries and the bike path along Little Chico Creek. The rear of one building and the patios and balconies look over the creek. The complex also has owned solar. The unit sizes are large: 1/1 units @t 816 to 850 SF; 2/2.5 units @ 1,050 SF; and 3/2.5 @ 1,451 SF. This investment grade property would work well for and 1031 exchange investor or one wanting to build wealth through apartment ownership. Pro forma income and expense information shown. Call or email for more information or for access.
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Listing Snapshot
Price
$8,200,000
Days On Site
26 Days
Bedrooms
15
Inside Area (SqFt)
3,341 sqft
Total Baths
7
Full Baths
5
Partial Baths
2
Lot Size
1.4 Acres
Year Built
2023
MLS® Number
226030193
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
6 days ago
Listing updated with changes from the MLS®
6 days ago
Price changed to $8,200,000
4 weeks ago
Listing first seen on site
General Features
Acres
1.4
Cross Street
Forest Avenue
Levels
TwoMulti/Split
Number Of Stories
2
Parking
Open
Parking Spaces
52
Property Sub Type
Multi Family
Sewer
Public Sewer
Style
Traditional
Utilities
Natural Gas AvailableNatural Gas Connected
Water Source
Public
Zoning
R-3
Interior Features
Appliances
Built-In Electric OvenFree-Standing RefrigeratorBuilt-In Gas RangeDishwasherMicrowaveTankless Water Heater
Cooling
Ceiling Fan(s)Heat PumpMulti UnitsZoned
Flooring
Laminate
Furnished?
None
Heating
Heat PumpZoned
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Exterior Features
Construction Details
Frame
Exterior
Dog Run
Fencing
Fenced
Lot Features
Level
Patio And Porch
Patio
Roof
Composition
View
Water
Waterview
Water
Community Features
Financing Terms Available
Conventional
MLS Area
12551
School District
Butte
Schools
School District
Butte
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Scott Hamm Realty
All measurements and all calculations of the area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify the accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data maintained by MetroList® may not reflect all real estate activity in the market. All real estate content on this site is subject to the Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination. Terms of Use
Last checked 2026-04-08 11:24 PM PDT
Neighborhood & Commute
Source: Walkscore
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