6 Plaza Way

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6 Plaza Way

Chico, CA 95926
Asking Price
$510K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building available for sale in Chico
  • Property consists of two distinct residential units
  • Located within the 95926 ZIP code of California
  • Asking price for the property is 509900 dollars
  • Asset provides potential for long-term residential rental income

What's Special

This multifamily property at 6 Plaza Way in Chico is currently for sale, presenting a steady addition for an investor focused on residential rental assets. Comprising two units, the apartment building provides a straightforward opportunity to enter the local rental market within a region known for its proximity to California State University, Chico and a consistent demand for housing. The city remains a central economic hub for the surrounding Northern California counties, maintaining a stable base of residents seeking proximity to regional services and education. Investors looking for small-scale residential holdings may find this configuration suitable for long-term rental management. Its position in the 95926 ZIP code offers accessibility to urban amenities while catering to the housing needs of local residents. The asset represents a practical choice for those expanding a portfolio in a growing inland California market, where the demand for functional multi-unit residential space remains active.

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NOI
$80,000
Cap Rate
15.69%
DSCR
2.64
Strong
Cash-on-Cash
32.51%
Monthly Payment
$2,522.707
Annual Cash Flow
$49,727.516

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