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Key Details
Sold Price $2,575,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SN24132093
Year Built 1980
Lot Size 0.750 Acres
Property Sub-Type Mixed Use
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.
Location
State CA
County Butte
Zoning R4
Interior
Laundry Common Area
Exterior
Pool None
Community Features Suburban
Building
Lot Description 21-25 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Owner Will Carry
Listing Terms Owner Will Carry
Special Listing Condition Standard
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Bought with Nabil Awada • Matthews Real Estate Investment Services