Listed by Capital Rivers Commercial
$935,000
997 E 16th Street
Details
APN 005422020000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,854
Units 3
Cap Rate 6.44%
NOI $63,661
Class C
Buildings 3
Acreage 0.830
Zoning Assessor
Multifamily | 6.44% CAP | 3 Units
Marketing description
Investment opportunity with three separate homes situated on .83-acre lot offering significant future potential. Explore the possibility of adding additional ADUs and potential lot split options (buyer to investigate and confirm with city/county planning departments). Perfect setup for rental income, multigenerational living, or phased development. Existing homes provide immediate usability while future improvements create substantial upside. Rare combination of current cash flow and future expansion opportunity.
Investment highlights
- Three-home investment with development upside in Chico, CA.
- Existing residences provide immediate rental income and occupancy flexibility.
- Potential for additional ADUs and future lot split opportunities, subject to approvals.
- Current cash flow with projected upside through future development and value-add improvements.
Listing Contacts
Listed by Capital Rivers Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$63,661.00
$5,305.08/mo
Valuation Metrics
0
DSCR
6.81%
Cap Rate
6.81%
ROI
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