The property is being offered at $6,200,000, and will be delivered with no “section 1” termite or rot
repairs of any kind being required. The hardscape, landscaping and apartments show little if any
deferred maintenance. The prudent buyer should be able to significantly limit the need for CAPEX in
the near term.

Chico Meadows offers large 2 Bed/1 Bath apartments in lovely South Chico. Upgraded appliances
and fixtures, laminate flooring, and abundant storage make these apartments look and feel
luxurious. Everything from shopping, restaurants, gym and recreation are right at your door! With
the flexibility of a Month-to-Month lease and easy access to your favorite places, Chico Meadows is
a great place to live!

Each 2-bedroom apartment features two large bedrooms, with a spacious 905 square foot floor
plan. Central heat and air provide a comfortable living apartment, and there is plenty of closet
space. 75% of the apartments have been extensively renovated to date, and the renovation
included new counters, flooring, and appliances. All bedrooms include ceiling fans.

Site amenities include a laundry room, ample covered parking, great proximity to shopping, public
transit, the 99 freeway and the Skyway to Paradise. This is an ideal location for those commuting
locally and to Paradise, Oroville, Durham, and to Butte College.