1001 W Sacramento Avenue, Chico CA

Student Housing Opportunity with further development potential. This asset consists of 34 apartments with an underlying condominium map in place, three houses, and a cottage on four contiguous parcels. Three of the parcels have the potential for adding additional units. The property sits at the corner of Nord Ave. and West Sacramento Ave. at the northwest boundary of California State University, Chico. The neighborhood is served by a Safeway shopping center, many retail and fast food opportunities, and a mix of older apartment communities and new luxury properties mostly serving the student market. Most of the apartments and houses have been renovated in the last three years. The sale includes 1001 W. Sacramento Ave. consisting of 14 two bedroom 1 bath units, and 20 three bedroom 2 bath units; 924 Nord Ave. is a two bedroom one bath house, and one bedroom one bath studio; 932 Nord Ave., formerly a three bedroom one bath house but is now a recording studio; 931 W. Sacramento., Ave which is a three bedroom one bath house.