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2240 Nord Ave 208 Unit Apartment Building $5,257,593 CAD ($25,277 CAD/Unit) Chico, CA 95926
EXECUTIVE SUMMARY
The 2240 Nord Avenue apartment project contains 208 approved apartment units in a fully gated community, and is approved under a SB330 application, and is ready for immediate development. 2240 Nord Avenue is located on the southeast corner of Nord Avenue (Highway 32) and West Lindo Avenue. The project is surrounded on three sides by existing single-family residential, and is only 1.4± miles to California State University Chico, with annual enrollment of 12,885± students. The project is approved with predominantly three building types of one-, two- and three-bedroom units. The project also provides a community clubhouse (approximately 3,200± square feet) containing a pool, a barbeque area, lawn area and additional outdoor space for tenant use. The project also includes a private dog park.
PROPERTY FACTS
| Price | $5,257,593 CAD | Building Class | B |
| Price Per Unit | $25,277 CAD | Lot Size | 11.95 AC |
| Sale Type | Investment | Construction Status | Proposed |
| No. Units | 208 | Building Size | 213,256 SF |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | ||
| Zoning | R-2 - Multifamily Residential | ||
| Price | $5,257,593 CAD |
| Price Per Unit | $25,277 CAD |
| Sale Type | Investment |
| No. Units | 208 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 11.95 AC |
| Construction Status | Proposed |
| Building Size | 213,256 SF |
| No. Stories | 5 |
| Zoning | R-2 - Multifamily Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- Clubhouse
- Courtyard
- Pool
- Gated
- Pet Play Area
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 56 | - | 811 |
| 2+2 | 136 | - | 1,050 |
| 3+2 | 16 | - | 1,565 |
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PROPERTY TAXES
| Parcel Number | 042-140-176-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $2,774,963 CAD | Total Assessment | $2,774,963 CAD |
PROPERTY TAXES
Parcel Number
042-140-176-000
Land Assessment
$2,774,963 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,774,963 CAD
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2240 Nord Ave
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