53 units. Plans have been submitted for plan check and permits will be ready in sixty days or less. Seller has already spent $2,540,529.00 on plans, land and fees. Approximately 103,000 sqft. The property features 128 bedrooms total with 2,3 & 4 bedroom units. It is situated in the highly desirable South Campus neighborhood within a very short walk to the university and downtown. Low vacancy has resulted in rising rents making the South Campus neighborhood the most attractive rental market in the Chico area. There are a lot of options here for this shovel ready project. You can buy this and build it out with your own contractor. Have the seller build it out and buy it as a finished project. There are a lot of options here and the one thing they all have in common is that the potential for a nice profit is available no matter which way you go
|Lot Size||0.64 Acres|
|Listing Agent||Jim Aguilar|
|Listing Office||Century 21 Select Real Estate, Inc.|
Listed by Jim Aguilar of Century 21 Select Real Estate, Inc.. Listing data last updated 4/18/2021 at 10:16 PM PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of 2/16/2021 11:42 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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