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$750,000
Est. payment /mo
2,595 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,595 sqft
Price per Sqft $289
MLS Listing ID 225129692
HOA Y/N No
Year Built 1895
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
A unique 5-unit apartment building ideally located at 202 W. 2nd Avenue. Built in 1895, the property features a well-balanced unit mix consisting of three (3) one-bedroom/one-bath units, one (1) two-bedroom/one-bath unit, and one (1) three-bedroom/two-bath unit. This variety of layouts caters to a wide range of renters, including students, medical staff, and working professionals. The property benefits from its prime location near both Enloe Medical Center and Chico State University, two of the city's largest demand drivers. Residents enjoy convenient access to employment, higher education, retail, dining, and entertainment while still being situated within a quiet neighborhood setting known as The Avenues. With established in-place income and below-market rents, 202 W. 2nd Avenue presents investors with a compelling value-add opportunity. Interior and common area upgrades offer meaningful upside potential, while the property's historic charm and irreplaceable location ensure long-term rental demand and investment stability.
Location
State CA
County Butte
Area 12548
Direction gps
Interior
Heating Other
Cooling Other
Flooring Other
Laundry Other
Exterior
Parking Features Other
Utilities Available Other
Water Access Desc Other
Building
Lot Description Other
Story 2
Foundation Other
Sewer Other
Water Other
Schools
Elementary Schools Chico Unified
Middle Schools Chico Unified
High Schools Chico Unified
School District Butte
Others
Senior Community No
Tax ID 003-063-018-000
Special Listing Condition Other
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Listed by Gravitas Commercial Real Estate
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