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997 E 16th
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Multifamily apartment building available for purchase in Chico California.
- Property features a total of three residential apartment units.
- The current offering price is set at 974000 dollars.
- Investment generates a reported capitalization rate of 6.44 percent.
- Situated in the 95928 zip code near regional educational hubs.
What's Special
Investors seeking a multi-unit acquisition in Chico will find this apartment building a compelling addition to their portfolio. Located at 997 E 16th, this property functions as a straightforward residential investment opportunity. Chico serves as a primary educational and economic hub in Northern California, anchored by California State University, which creates consistent demand for housing throughout the local market. The asset's current performance metrics reflect a cap rate of 6.44 percent, supporting its utility as a income-generating investment. The building consists of three units, providing a manageable scale for localized property management or professional oversight. Its positioning within the 95928 zip code provides access to the city’s residential core and the services that support the regional population. As the city continues to maintain its status as a key node for students and working professionals, this property offers a functional layout suitable for rental operations aimed at this demographic. The offering provides a clear value proposition for those prioritizing yield in a stable university-centric environment.
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