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541 W 5Th St Chico, CA 95928

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Pending
$675,000

Income-producing 7-unit property in the heart of downtown Chico.

Lot size:
0.13 Acres

Property Features for 541 W 5Th St

General Information

Property type
Investment
Standard status
Pending
Lot size
0.13 Acres

Building Details

Year built
1907

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Listing Contact
Matt Depa
Source: Elliman

Listing Agent: Matt Depa

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Downtown Chico 7-Unit Multifamily Property

Located in downtown Chico, 541 W 5th Street is a 7-unit multifamily property. The property is positioned near restaurants, shops, and entertainment venues, and is within walking distance of Chico State University. The property is currently occupied by several long-term tenants and offers an 8.25 cap rate.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Chico
County
Butte
State
California
Longitude
-121.8421014
Latitude
39.7250675

FAQs

What type of property is this?
Apartment building - Income-producing 7-unit property in the heart of downtown Chico.
Where is this apartment building located?
The property is located at 541 W 5Th St Chico, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: - Prime Downtown Chico Location: Steps from restaurants, shops, and entertainment.; - Income-Producing Asset: Long-term tenants already in place.; - High Cap Rate: Attractive 8.25% capitalization rate.
More about this property
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