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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
Sold Date 02/04/25
HOA Y/N No
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
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Suburban
Private Pool No
Building
Lot Description 21-25 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 042070165000
Acceptable Financing Owner Will Carry
Listing Terms Owner Will Carry
Financing Conventional
Special Listing Condition Standard
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Bought with Nabil Awada • Matthews Real Estate Investment Services