Multifamily
Creekside Manor
721 W 11th St, Chico, CA 95928
Listing Price: $17,500,000
Investment Overview
Marcus & Millichap is pleased to offer for sale Creekside Manor, a 44 unit apartment property consisting of a 100% student population that caters to California State University, Chico.
Nestled less than a mile (.75) South of CSUC, students are in close proximity to campus and all the amenities Downtown Chico has to offer. Residents enjoy the thoughtful and spacious 4 bedroom / 2 bath floorplans that perfectly fits the college lifestyle. The 25+ year ownership has maintained the property with a new landscape package in 2022 including drought tolerant plants, updated amenities, and implemented a surveillance system to the already gated community. The property leases up roughly 9 months in advance of the Fall semester and has maintained a 100% occupancy record for the last 16 years.
Please contact the listing agents directly for access to the due diligence material and to schedule a tour.
Creekside Manor
Investment Highlights
- Generous 4Bed/2Bath floorplans for CSU Chico students
- Spacious property with lush mature trees, maintained grounds, pool with new decking, gym, basketball/volleyball court, and security gated with hi- tech surveillance system
- Over 25+ year ownership with no vacancy in the last 16 years
- Individually metered for water
- Concrete driveways/parking lot with 132 stalls
Exclusively Listed By
Listing Price: $17,500,000
Investment Highlights
- Generous 4Bed/2Bath floorplans for CSU Chico students
- Spacious property with lush mature trees, maintained grounds, pool with new decking, gym, basketball/volleyball court, and security gated with hi- tech surveillance system
- Over 25+ year ownership with no vacancy in the last 16 years
- Individually metered for water
- Concrete driveways/parking lot with 132 stalls
Investment Overview
Marcus & Millichap is pleased to offer for sale Creekside Manor, a 44 unit apartment property consisting of a 100% student population that caters to California State University, Chico. Nestled less than a mile (.75) South of CSUC, students are in close proximity to campus and all the amenities Downtown Chico has to offer. Residents enjoy the thoughtful and spacious 4 bedroom / 2 bath floorplans that perfectly fits the college lifestyle. The 25+ year ownership has maintained the property with a new landscape package in 2022 including drought tolerant plants, updated amenities, and implemented a surveillance system to the already gated community. The property leases up roughly 9 months in advance of the Fall semester and has maintained a 100% occupancy record for the last 16 years. Please contact the listing agents directly for access to the due diligence material and to schedule a tour.
Exclusively Listed By
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