Riverside Apartments

For Sale

161-261 Cohasset Lane, Chico, CA 95973

This Chico property for sale is located at 161-261 Cohasset Lane. Contact the listing broker for details on the current sale price for Riverside Apartments. Riverside Apartments is situated on a lot that is 2.83 acre in size.

Contacts

broker
Brett Swarts

eXp Commercial

Property Details

  • 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 Mar 21, 2025
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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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.

Getting around

  • 58/100

    Walk Score ®

  • 77/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chico, CA
  • Neighborhood Riverside
  • Zip Code 95973

Points of Interest

  • Chico

    1.86 miles

  • Shell

    0.14 miles

  • Esplanade Gas

    0.20 miles

  • Arco

    0.67 miles

  • 76

    0.73 miles

  • Thornton's Chevron and Food Market

    0.73 miles

  • Speedway

    0.79 miles

  • Fastrak Gas & Food

    1.24 miles

  • Safeway Fuel Station

    1.31 miles

  • Quick Stop #2

    1.32 miles

  • Food Mart

    1.33 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

  • Town House Motel

    0.18 miles

  • Safari Inn - Chico

    0.42 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

  • Goodman House Bed & Breakfast

    0.68 miles

  • Regency Inn

    0.72 miles

  • Hotel Diamond

    1.63 miles

  • S&S Produce and The Butcher Shop

    0.51 miles

  • Raley's

    0.57 miles

  • Grocery Outlet

    0.60 miles

  • Trader Joe's

    0.75 miles

  • Save Mart

    0.76 miles

  • Safeway

    1.27 miles

  • Upper Park Clothing

    1.55 miles

  • Chico Natural Foods Cooperative

    1.90 miles

  • PDQ Market & Deli

    2.05 miles

  • JCPenney

    2.87 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Brett Swarts

eXp Commercial

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