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Key Details
Sold Price $5,770,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SN21079329
Sold Date 05/03/21
HOA Y/N No
Year Built 1984
Lot Size 1.390 Acres
Acres 1.39
Property Description
Student Housing Opportunity with further development potential. This asset consists of 34 apartments with an underlying condominium map in place, three houses, and a cottage on four contiguous parcels. Three of the parcels have the potential for adding additional units. The property sits at the corner of Nord Ave. and West Sacramento Ave. at the northwest boundary of California State University, Chico. The neighborhood is served by a Safeway shopping center, many retail and fast food opportunities, and a mix of older apartment communities and new luxury properties mostly serving the student market. Most of the apartments and houses have been renovated in the last three years. The sale includes 1001 W. Sacramento Ave. consisting of 14 two bedroom 1 bath units, and 20 three bedroom 2 bath units; 924 Nord Ave. is a two bedroom one bath house, and one bedroom one bath studio; 932 Nord Ave., formerly a three bedroom one bath house but is now a recording studio; 931 W. Sacramento., Ave which is a three bedroom one bath house.
Location
State CA
County Butte
Rooms
Ensuite Laundry Inside, See Remarks
Interior
Laundry Location Inside,See Remarks
Heating Central, See Remarks
Cooling Central Air, See Remarks
Fireplace No
Laundry Inside, See Remarks
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description Corner Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 043210069000
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Steve Depa • Re/Max of Chico
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960