1227 Esplanade Chico, CA 95926

$2,950,000 Closed
  • Front of Apartment Front of Apartment
  • Front of Apartment
  • Two story Gated Court Yard
  • Gated Court Yard
  • Double Entry Gates
  • Common Laundry Area
  • Covered parking gated
  • Aerial View

About the Property

Please Note: This property has been SOLD

William Tell Apartments, a 17 unit courtyard style multifamily community located in the heart of Chico. The William Tell is located just blocks from one of the largest employers in Chico, Enloe Medical Center. It’s conveniently located within walking distance to downtown Chico as well as Chico State University. William Tell is a courtyard style apartment building. This means residents benefit from the privacy and security of a double entry system. Each unit has a private covered and gated parking space with additional outdoor storage. This apartments offer a mix of unit types including three bedroom units, two bedroom units, on bedrooms, and a remodeled studio apartment. The new owner of William Tell will enjoy significant upside and forced appreciation as rents are currently below market and have much room to rise. Do not delay, properties that this don’t come available very often. Please contact selling agent for financials and offering memorandum.

Property Information

Size 14,518 SqFt
Price/SqFt $203
Lot Size 0.41 Acres
Year Built 1964
Property Type Residential Income
Zoning RP
Listing Number SN22088263
Listed 4/14/2022
Modified 10/20/2022
Listing Agent Brent Silberbauer
Listing Office eXp Realty of California, Inc.
Total Building 1
Total Units 17

Property Features

# Electric Meters
  • 17
# Gas Meters
  • 17
# Units Leased
  • 17
Cap Rate
  • 4.42
Carport Spaces
  • 17.00
Community Features
  • Suburban
  • Central Air
  • None
Garage Spaces
  • 0.00
Gross Income
  • 231008.00
Gross Scheduled Income
  • 233580.00
  • Central
  • Two
Net Operating Income
  • 141334.00
Operating Expense
  • 89674.00
Parking Total
  • 17.00
  • None
Price Pe rUnit
  • 176471
  • Public Sewer
  • 2
Total Actual Rent
  • 228780.00
Total Expenses
  • 89674.00
  • Courtyard
Water Source
  • Public