Marcus & Millichap is proud to present the exclusive listing of Galt's Gulch, a charming apartment community that consists of twenty two-bedroom one-bathroom units with 930 square feet. All twenty units offer the tenants modern amenities such as direct access garages, central heat and air conditioning, solar power, as well as both washer and dryer hookups in a dedicated laundry room. The grounds of the property feature mature trees, well-kept landscaping, as well as an ample amount of parking for tenants. The Galt's Gulch residents enjoy all the amenities that Chico has to offer while also living in a community that feels like a single family home.
In recent years, Chico has seen significant rent growth due to the imbalance between insufficient new construction and strong population growth. In the U.S. Census Bureau's 2017 census publication, it is noted that Chico's population is now larger than that of Redding, with 93,293 people. Due to these strengthening fundamentals, the next investor of Galt's Gulch will capture a rare opportunity to invest in a submarket of Chico that has historically experienced low sales velocity. The combination of amenities and location make the offering of Galt's Gulch incredibly attractive for an investor seeking stable occupancy and the potential for rent growth with a family-centric tenant base.
Please show respect and do not disturb tenants or management. All tours must be scheduled with The DeLoney Group.
