Compass Point Apartments is a well-maintained 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. 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 and achieve a healthy return.
MLS# | SN24132093 |
---|---|
Listing Type | For Sale |
Style | Mixed Use |
Sub-Type | Resale |
Status | Pending |
Year | 1980 |
Days On Site | 207 |
Listing Provided By | Alive Commercial Real Estate 916-314-7005 | Spencer Moyer |
SQ Feet | 14,900 |
---|---|
Story(s) | 2 |
Units | 20 |
Building(s) | 2 |
Zoning | R4 |
Acreage | 0.75 |
State | CA |
---|---|
County | Butte |
City | Chico |
Zip Code | 95926 |
Listing VS Median (in 95926) | |
Price: $2,695,000 low | high Med: $495,000 SqFt: 14,900 low | high Med: 1,650 $ / SqFt: $181 low | high Med: $300 On Site: 207 low | high Med: 56.000000 |