$2,795,000
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931 W. East Avenue Chico, CA 95926
Mixed Use
Residence
Beds
Baths
...
Bed/Bath
14,900
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
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*Seller Financing Available* 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 fee...t, 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. Most notably, the Seller is willing to carry back a new first loan and deed of trust with 40% - 50% down at 5.25% interest only for 3-5 years, eliminating the high-rate environment objection. This offers the next investor the opportunity to bring rents to market rates and achieve a healthy cash-on-cash return.
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MLS#
SN24132093
Property Type
Mixed Use
Year Built
1980
Square Feet
14,900
sq. ft
Lot Size
0.75
Stories
2.0
Sewer
Public Sewer
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