Riverside Apartments

161-261 Cohasset Lane, Chico, CA 95973

  • For Sale Subject To Offer
  • Property Type Multi-Family
  • Property Size 31,000 SF
  • Units 44
  • Lot Size 2.83 Acre
  • Property Tenancy Single Tenant
  • Year Built 1961
  • Year Renovated 1961
  • Date Updated Feb 26, 2024
Value Add Property in a central location with upside.Welcome to Riverside Apartments. This multifamily property represents a dynamic investment opportunity in a market hungry for quality housing options. With its existing stability, coupled with the potential for enhanced returns, this offering stands as a testament to the power of strategic value-add investments. The discerning investor who seizes this chance will undoubtedly position themselves for substantial financial growth and portfolio diversification. Don't miss the chance to acquire a rare gem that promises immediate stability and substantial future gains. Contact us today to schedule a private showing and explore the boundless potential that awaits with this remarkable 44-unit multifamily property.

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Attachments

Highlights

  • 100% Occupancy: This property shines as a beacon of stability with every unit currently occupied, exemplifying its desirability and strong community appeal.
  • Untapped Upside: Unleash the full potential of this property by implementing a strategic value-add approach. With thoughtful renovations and modern upgrades, you can maximize rental income and elevate its value to new heights.
  • Strategic Location: Situated in a sought-after area, this property benefits from its proximity to essential amenities, public transportation, and major thoroughfares, enhancing its tenant allure and investment viability.
  • Diverse Unit Mix: Offering a range of unit types, from cozy studios to spacious two-bedroom layouts, this property caters to a broad demographic, ensuring consistent demand in any market condition.
  • Proven Revenue: With its impressive history of reliable rental income, this multifamily gem provides a strong foundation for immediate revenue generation, while promising even greater returns after value-enhancing initiatives.
  • Limited Supply: Opportunities of this caliber are exceedingly rare. Discerning investors will recognize the distinct advantage of securing a property that aligns with their portfolio growth objectives.

Contacts

broker

Brett Swarts

eXp Commercial

(916) 886-2986

Location

Getting Around

  • Walk Score ®

    58/100 Somewhat Walkable

  • Bike Score ®

    77/100 Very Bikeable
Powered by Walk Score ®
  • City Chico, CA
  • Neighborhood Riverside
  • Zip Code 95973

Points of Interest

  • Chico

    1.86 miles

  • Thornton's Chevron and Food Market

    0.73 miles

  • Speedway

    0.79 miles

  • Safeway Fuel Station

    1.31 miles

  • Shell

    1.32 miles

  • Safeway Fuel Station

    1.75 miles

  • 76

    1.93 miles

  • 76

    2.03 miles

  • Costco Gasoline

    3.08 miles

  • Tesla Supercharger

    3.12 miles

  • Speedway

    3.94 miles

  • Municipal Parking Lot 5

    1.43 miles

  • Municipal Parking Lot 2

    1.49 miles

  • Municipal Parking Lot 1.

    1.51 miles

  • CSU, Chico Student/Faculty Lot

    1.63 miles

  • Municipal Building Lot

    1.63 miles

  • Chico Park And Ride

    2.04 miles

  • Chico Mall Parking

    2.94 miles

  • Business Lane Parking

    3.02 miles

  • The Village Center

    3.08 miles

  • Lowe's Parking

    3.71 miles

  • Town House Motel

    0.18 miles

  • Matador Motel

    0.19 miles

  • Safari Inn

    0.44 miles

  • Ramada Plaza Chico

    0.52 miles

  • Motel 6 Chico

    0.54 miles

  • Super 8 by Wyndham Chico

    0.57 miles

  • BEST WESTERN Heritage Inn - Chico

    0.57 miles

  • American Inn - Chico

    0.74 miles

  • Hotel Diamond

    1.63 miles

  • University Inn

    1.79 miles

  • Italian Cottage

    0.16 miles

  • Big Al's

    0.26 miles

  • Sin of Cortez

    0.27 miles

  • Taco Bell

    0.46 miles

  • Kalico Kitchen

    0.49 miles

  • Donut Shop

    0.55 miles

  • Cozy Diner

    0.59 miles

  • Carl's Jr.

    0.63 miles

  • McDonald's

    0.69 miles

  • Jack in the Box

    0.71 miles

  • Fairview High School

    0.73 miles

  • Citrus Avenue Elementary School

    0.80 miles

  • Bidwell Junior High School

    0.97 miles

  • Hooker Oak Elementary School

    0.98 miles

  • John A. McManus Elementary School

    1.10 miles

  • Chico Senior High School

    1.13 miles

  • Neal Dow Elementary School

    1.14 miles

  • Chico Junior High School

    1.29 miles

  • California State University, Chico

    1.38 miles

  • Emma Wilson Elementary School

    1.42 miles

Frequently Asked Questions

What is the total square footage of Riverside Apartments?

Riverside Apartments totals 31,000 square feet.

When was this property built?

Riverside Apartments was built in 1961.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Brett Swarts

eXp Commercial

(916) 886-2986