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931 W. East AVE Chico, CA 95926
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Key Details
Sold Price $2,575,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRSN24132093
Sold Date 02/04/25
Originating Board California Regional MLS
Year Built 1980
Lot Size 0.750 Acres
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
Interior
Laundry Laundry Area
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 042070165000
Special Listing Condition Not Applicable
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Bought with Nabil Awada