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$ 1,760,000
Est. payment /mo
Active
642 W 1st Avenue Chico, CA 95926
11,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,200 sqft
Price per Sqft $157
MLS Listing ID CRSN25136861
HOA Y/N No
Year Built 1984
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type Other
Property Description
College Place | 642 W. 1st Avenue | Prime Chico Multi-Family Investment Opportunity Harris Commercial is pleased to present College Place, an exceptional 8-unit multi-family investment opportunity located at 642 W. 1st Avenue in Chico, California. Ideally situated within walking distance to both California State University, Chico and downtown Chico, this property offers strong existing income, long-term upside, and an unbeatable location. College Place consists of two buildings, each with four large, townhouse-style apartments, all fully leased and 100% occupied. Each 4-bedroom, 2-bath unit is thoughtfully laid out with a downstairs bedroom, bathroom, kitchen, and living area, and three bedrooms and a second bathroom upstairs—a layout perfectly suited for student and group living. One of the units has been completely remodeled, commanding rents approximately 8% higher than the others, providing a clear value-add opportunity for future ownership. Additional highlights include: - Individually metered for electric, gas, and water – a rare and valuable feature that shifts utility costs to tenants - Connected to city sewer and full municipal services - Private fenced patios for each unit - Low-maintenance, professionally redesigned landscaping to minimize ongoing expenses - Fenced
Location
State CA
County Butte
Zoning CITY
Interior
Heating Other
Cooling Central Air
Fireplace No
Laundry Inside
Building
Lot Description Level, Other, Back Yard
New Construction No
Others
Tax ID 043170024000
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Listed by Brandon Harris • Harris Commercial Real Estate