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Arcadian Avenue, Chico, CA 95926
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$1,225,000
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Home Details for Arcadian Avenue
Price
$1,225,000
Type
Multi Family
Bedrooms
3
Year Build
1948
Lot Size
0.24
County
Butte
MLS®️ Listing#
225129682
On exitrealty.com
108 days
Property Description
A charming 8-unit apartment community ideally located at 1930 Arcadian Ave. Built in 1948, the property offers a total of eight units with a desirable mix of two (2) studio units, three (3) one-bedroom/one-bath units, and three (3) two-bedroom/one-bath units one of which is a larger detached SFR. This balanced mix caters to a wide range of renters, from students and medical staff to local professionals. The property benefits from its close proximity to Enloe Medical Center, one of Chico's largest employers, providing a steady base of rental demand. Residents also enjoy convenient access to nearby retail, dining, and Chico State University while still being situated in a quiet residential setting known as The Avenues. With solid in-place income and rents positioned below market, 1930 Arcadian Avenue presents an excellent value-add opportunity for investors. Upgrades to unit interiors and common areas offer meaningful upside potential, while the property's established location ensures strong long-term rental fundamentals.
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Listing Courtesy: Gravitas Commercial Real Estate - 916-625-6102. Presented by: Marc Guillon
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$1,225,000
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EXIT CAPITAL REALTY
2100 Watt Ave Suite #140, Sacramento, CA 95825
CA DRE# 02236377. Sam Samadi Broker (CA DRE# 01520140. Kris Klair Broker)