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$ 1,280,000
Est. payment | /mo
0.41 Acres Lot
$ 1,280,000
Est. payment | /mo
0.41 Acres Lot
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226095529
HOA Y/N No
Year Built 1971
Lot Size 0.410 Acres
Acres 0.41
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
Charming 8 unit apartment building located at 390 Henshaw Avenue in Chico. Built in 1971, the subject property is 5,656 square feet and consists of all two-bedroom one bath units measuring approximately 707 square feet each. The Henshaw Apartments is situated on a .41 acre lot and two separate 4 unit buildings. Roofs are new as of 2025 along with numerous other capex upgrades including, plumbing, electrical panels, exterior paint, windows, flooring, appliances and HVAC units. The property is offered at $1,280,000, representing $160,000 per unit and an attractive going-in cap rate of 6.94%. With strong in-place cash flow, a desirable all two-bedroom unit mix, and extensive recent capital improvements, Henshaw Apartments provides investors with a well-maintained, stabilized asset requiring limited near-term capital investment.
Location
State CA
County Butte
Area 12550
Direction gps
Interior
Heating Other
Cooling Wall Unit(s)
Flooring Other
Laundry In Each Unit
Exterior
Parking Features Other
Utilities Available Other
Water Access Desc Other
Total Parking Spaces 8
Building
Lot Description Other
Story 1
Foundation Other
Sewer Septic System
Water Other
Schools
Elementary Schools Chico Unified
Middle Schools Chico Unified
High Schools Chico Unified
School District Butte
Others
Senior Community No
Tax ID 006-360-011
Special Listing Condition None
Listed by North Valley Real Estate Advisors
Nearby Locations
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Michael Triglia
REALTOR® | Lic# 1493778