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533 Orange StreetChico, CA 95928

Butte County

$2,550,000List price
14,240Sq Ft
2014Year built
13 days agoOn market

Description

Exclusive Investment Opportunity in Chico, CA This Recently Constructed multifamily asset presents an opportunity to acquire an 8- unit, 3 story townhome community built in 2014 on the corner of Orange and W 6 Streets in Chicos South Campus neighborhood, walking distance to Chico State. Designed with student housing in mind, all units are spacious 3-bedroom/3-bath townhomes with attached 2-car garages, offering a more upscale product than the typical Chico rental stock. The propertys small unit count and single-building footprint make it a manageable, turnkey hold for an investor looking to enter the Chico student- housing market without taking on a large-scale asset. Property Highlights 8 total units in a 3-story, townhome-style building Unit mix: all 8 units are 3 bed/3 bath (private bath per bedroom Attached 2-car garage per unit + 10 additional parking spaces South Campus Neighborhood - walking distance to CSU Chico and downtown Chico Managed by Hill Properties Granite countertops, vinyl plank flooring, full-size in-unit washer/dryer Individually controlled thermostats per bedroom (room-by-room climate control) plus in-unit A/C Landscaping service included by ownership; tenants historically pay a monthly utility surcharge for water/sewer/trash plus a share of PG&E

Property Information

Property type
Residential Income
Sub-type
Multi Family
Year built
2014
Living area
14,240 Sq Ft
Lot size
28,314 Sq Ft
Zoning
r3
Days on market
13
MLS® Listing#
ML82061341

Property Features

Heating
Forced Air
Flooring
Hardwood
Parking
Attached · Garage
Sewer
Public Sewer
Water source
Public

Financial Details

HOA
None
Parcel number
004204006000
Bridge MLS logo

Listing Courtesy: Corcoran Icon Properties

Presented by: Steve Belluomini

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