642 W 1 St Ave, Condo with 0 bedrooms, 0 bathrooms and null parking in Chico CA | Image 1

$1,760,000

642 W 1 St Ave, Chico, CA

Name: 642 W 1 St Ave, For Sale in Chico - eXp Commercial Brokerage
Brand: Harris Commercial Real Estate
SKU: SN25136861
Price: 1760000 CAD

Condo

For Sale

$--,---,---

000

Key Facts
Description
Map

Key Facts

Type Apartment

Levels Residential Income

Size -

Garage No

Maintenance Fees

Taxes

Days Active 23

Approx. Age 1984

MLS® Number SN25136861

Property Address:

Average square foot calculated using Size range provided by listing agent.

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 common rear yard with bike racks and BBQ area - Professionally managed for many years with stable operations and low vacancy With a desirable unit mix, separate utility metering, professional management, and premium walkability, College Place offers a rare opportunity to acquire a high-performing, easy-to-operate asset in one of Chico’s most sought-after rental markets.Show Description

MLS® NumberSN25136861

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry LevelInside

Exposure

Exterior

GarageNo

Approx. Age1984

Stories2

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatCentral

A/CCentral Air

Heating Fuel

Extras

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