Value Add Property in Central Location

Market Price

161-261 Cohasset Lane, Chico, CA 95973

For Sale

Multifamily Garden Low Rise

Active

Last Updated: 03/21/2025

Details:

Building Size: 31,000 sqft

Lot Area: 2.83 acres

Occupancy: 100%

Units: 44

Year Built: 1961

Floors: 2

Offered by

Brett Swarts

Sacramento Multifamily Broker

eXp Commercial

#01774876

Request Info to Unlock

Highlights:

100% Occupancy: This property shines as a beacon of stability with every unit currently occupied, exemplifying its desirability and strong community appeal.
Untapped Upside: Unleash the full potential of this property by implementing a strategic value-add approach. With thoughtful renovations and modern upgrades, you can maximize rental income and elevate its value to new heights.
Strategic Location: Situated in a sought-after area, this property benefits from its proximity to essential amenities, public transportation, and major thoroughfares, enhancing its tenant allure and investment viability.
Diverse Unit Mix: Offering a range of unit types, from cozy studios to spacious two-bedroom layouts, this property caters to a broad demographic, ensuring consistent demand in any market condition.
Proven Revenue: With its impressive history of reliable rental income, this multifamily gem provides a strong foundation for immediate revenue generation, while promising even greater returns after value-enhancing initiatives.
Limited Supply: Opportunities of this caliber are exceedingly rare. Discerning investors will recognize the distinct advantage of securing a property that aligns with their portfolio growth objectives.

Description:

Welcome to Riverside Apartments. This multifamily property represents a dynamic investment opportunity in a market hungry for quality housing options. With its existing stability, coupled with the potential for enhanced returns, this offering stands as a testament to the power of strategic value-add investments. The discerning investor who seizes this chance will undoubtedly position themselves for substantial financial growth and portfolio diversification.

Don't miss the chance to acquire a rare gem that promises immediate stability and substantial future gains. Contact us today to schedule a private showing and explore the boundless potential that awaits with this remarkable 44-unit multifamily property.

Value Add Property in a central location with upside.