Value Add Property in Central Location

161-261 Cohasset Lane, Chico, CA

Market Price

Price

31,000 sqft

Building Size

2.83 acres

Lot Area

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Street
Map
Overview
Building Size
31,000 sqft
Lot Area
2.83 acres
Occupancy
100%
Units
44
Year Built
1961
Floors
2
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.

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.
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