997 E 16th Street

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997 E 16th Street

Chico, CA 95928
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily asset available for purchase in Chico, California.
  • Located in a significant commercial and academic regional hub.
  • Property supports a diverse local tenant and resident base.
  • Positioned within an established residential neighborhood in Butte County.
  • Offers potential for investors pursuing long-term property acquisitions.

What's Special

Investors seeking to expand their residential holdings in the Northern Sacramento Valley may find this multifamily asset for sale at 997 E 16th Street, Chico, CA, a viable addition to a portfolio. Chico serves as a major hub for education and commerce in Butte County, providing a consistent demand for rental housing due to the local university presence and growing regional economy. The property is well-positioned for those targeting long-term hold strategies within a stable suburban market. Multifamily assets in this area cater to a diverse demographic, including students, professionals, and long-term residents. The strategic location offers proximity to essential local services, regional transport corridors, and the characteristically strong community infrastructure of Chico. Prospective buyers should evaluate the potential for consistent occupancy rates within this established residential neighborhood. This site represents a practical acquisition for individuals focused on scaling their property investments in a functional California market.

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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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