Commercial Real Estate in Chico, Call 530-896-3126

1270 East Avenue Chico, CA 95926

$11,000,000 Active

About the Property

Enclave Apartments comprises 44 units, each designed with modern finishes and high-end appliances. Enclave Apartments features private backyards, electric vehicle chargers, a dog park, and a common area, providing residents with an elevated living experience. The Enclave is located in a desirable area that offers easy access to a variety of amenities, including shopping, dining, and entertainment options. This property also provides investors with an opportunity to realize investment upside through rental growth. The property’s strong rental history and high occupancy rates make it a secure investment opportunity for those seeking a stable income stream. The Enclave’s amenities, location, and rental growth potential make it an excellent investment opportunity in the growing Chico market. Don’t miss out on the chance to acquire this exceptional multifamily asset with significant upside potential.

Property Information

Size 36,784 SqFt
Price/SqFt $299
Year Built 2020
Property Type Multi Family
Zoning RES-NEC
Listing Number SN23119608
Listed 4/27/2023
Modified 7/28/2023
Listing Agent Brent Silberbauer
Listing Office eXp Realty of California, Inc.

Property Features

# of Buildings
  • 10
# of Units Total
  • 44
Building Name
  • Enclave East Ave
Cap Rate
  • 4.25
  • 220 Volts in Laundry
  • Central
Land Use
  • Multi-Family
  • Composition
Stories Total
  • 2
Total Expenses
  • 294275.00
Water Source
  • Public
  • Cable Connected
  • Electricity Connected
  • Natural Gas Connected
  • Phone Available
  • Sewer Connected
  • Water Connected
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