390 Henshaw AVE, Chico, CA 95973
390 Henshaw AVE, Chico, CA 95973
390 Henshaw AVE, Chico, CA 95973
8
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$1,280,000
Est. payment /mo
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0.41 Acres Lot
Active

390 Henshaw AVE Chico, CA 95973

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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


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I’ve had the pleasure of knowing C Ray now for years in both professional and personal relationships. C Ray has always exhibited a positive, professional outlook in all of our interactions, in a variety of situations. His ability to listen to our needs and wants, compare that with opportunities available on the market and show us appropriate properties, in our price range that met our vision. We are extremely excited about the home we chose and even though there were some challenges, both personal and professional in each of our lives, he stayed engaged with all parties and we closed the deal on time. You won’t go wrong if you partner with C Ray in the pursuit of finding your new home. His life experience and desire to fulfill your needs are always his first priority

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C Ray Brower

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+1(209) 418-0238

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390 Henshaw AVE