931 W. East Avenue

Chico, CA 95926

PRICE REDUCED

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-$100,000 (-3.58%)

$2,695,000

List Price

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Property Description

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.

Listing Information

List Price $2,695,000
Status Pending
MLS SN24132093
Type Residential Income
Subtype Mixed Use
Year Built 1980
Lot Size 32,670
Structure Size N/A
DOM 74
Courtesy Of Alive Commercial Real Estate
Listing Agent Spencer Moyer DRE#01940191

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Maps

Listing information courtesy of: Spencer Moyer, Alive Commercial Real Estate 9168854205. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 21st, 2024 at 3:03 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.