$1,850,000
$2,200,000
15.9%For more information regarding the value of a property, please contact us for a free consultation.
0.38 Acres Lot
SOLD DATE : 11/13/2024
Key Details
Sold Price $1,850,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SN24130414
Sold Date 11/13/24
Construction Status Turnkey
HOA Y/N No
Year Built 1965
Lot Size 0.380 Acres
Lot Dimensions Assessor
Property Description
Fantastic, hard-to-find, and very well-maintained, the "Peppertree Apartments" in Chico, CA, presents an excellent investment opportunity. This well-established complex consists of 17 units, including 16 two-bedroom, one-bath units, and one one-bedroom, one-bath unit. Over the past few years, most units have been thoughtfully updated with vinyl plank flooring, modern ceiling fans, and stylish light fixtures. The apartments feature wall cooling, gas wall heating, and newer dual-pane windows. Recent upgrades also include new countertops in many of the units, refurbished roofing, and an enhanced courtyard. The courtyard is so clean and offers a welcoming space for residents to relax and enjoy. There is convenient on-site parking and off-street parking and a seller-owned on-site laundromat with coin-operated washers and dryers. The complex benefits from high occupancy rates, with units rarely vacant. Conveniently located near the freeway, park, and downtown, one unit is occupied by an on-site manager, with rent credit reflected accordingly.
Location
State CA
County Butte
Zoning R3
Rooms
Other Rooms Storage
Interior
Interior Features Ceiling Fan(s), Laminate Counters, Tile Counters
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet, Vinyl
Fireplaces Type None
Fireplace No
Appliance Electric Oven, Electric Range, Refrigerator, Dryer, Washer
Laundry Common Area, Laundry Room, See Remarks
Exterior
Garage On Site, Off Street, Private, Unassigned
Fence None
Pool None
Community Features Curbs, Street Lights, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Private Pool No
Building
Lot Description Corner Lot
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Additional Building Storage
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 004447040000
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Mike McCrady • Michael McCrady, Broker
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