$1,600,000
For Sale

2051 Forest Ave

Chico, CA 95928
1.63 acres | #SW24249447
Listing OfficeParadise Corner Realty
Browse 34 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

Exceptional multi-family opportunity. Directly across from Walmart on Forest Ave. This 5 building 31 unit office complex can easily be converted to a 28 unit with clubhouse/office multi family complex. Entitlement level architectural floor plans and elevations have been completed. The office unit floor plans facilitate easy conversion to 1 bedroom units. Office Mixed Use/Office Commercial Land Use/Zoning are consistent and allow multi family and emergency housing by plot plan approval. Sixty parking spaces would give 2.14/1 parking ratio. As infill the project would be CEQA exempt. Potential GRM 9/10 would be 3.6m to 4.0m. L/O BROKER OWNED

  • Property Details
      • Lot DescriptionSixteenToTwentyUnitsAcre, LotOver40000Sqft, RectangularLot, SprinklerSystem
      • Property TypeMulti-Family
      • Sewer InformationPublicSewer
      • Original List Price$1,600,000
      • MLS #SW24249447
      • MLS #SW24249447
      • Property SubtypeMixedUse
      • Cost1600000
      • Utility SourcePublic
      • Acres1.634
      • CountyButte
      • Year Built1992
      • Stories2

Location

@VANTAGE Real EstateReal Estate Professionals
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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