1199 Citrus

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1199 Citrus

Chico, CA 95926
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located at 1199 Citrus in Chico
  • The residential asset consists of two individual dwelling units
  • Chico is an established economic hub in Northern California
  • Property sits within the 95926 ZIP code of California
  • Asset provides potential for long-term residential rental income

What's Special

This two-unit multifamily apartment building at 1199 Citrus in Chico, California, presents an investment option in a city known for its vibrant educational and agricultural sectors. Chico serves as a primary hub for Northern California, characterized by a steady population base centered around California State University and a diverse local economy. The residential configuration of this property makes it a practical acquisition for an investor seeking a manageable asset within a growing regional market. Given the ongoing demand for housing in this submarket, the building is well-positioned for long-term hold strategies or repositioning efforts aimed at local workforce housing needs. The proximity to core municipal services and transit infrastructure adds to the functional appeal of this location for potential residents.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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