390 Henshaw AVE, Chico, CA 95973
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390 Henshaw AVE, Chico, CA 95973
390 Henshaw AVE, Chico, CA 95973
390 Henshaw AVE, Chico, CA 95973
390 Henshaw AVE, Chico, CA 95973
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Angela Fraire

Angela Fraire

+1(916) 765-2939
$ 1,280,000
Est. payment /mo
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390 Henshaw AVE Chico, CA 95973

0.41 Acres Lot

UPDATED:

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

MetroList® Services, Inc
Listed by North Valley Real Estate Advisors
Angela Fraire

Angela Fraire

Real Estate Agent License ID: 1522444

+1(916) 765-2939

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390 Henshaw AVE

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