Prime investment opportunity with amazing cashflow potential!!! Welcome to your next lucrative investment venture! Nestled in a prime location just minutes away from downtown and the lower park, this apartment complex presents an unparalleled opportunity for savvy investors. This expansive property boasts a total of 10 bedrooms and 9 bathrooms, offering ample space and flexibility for tenants. Comprised of eight 1-bedroom/1-bathroom units and one 2-bedroom/1-bathroom unit, this complex caters to a variety of tenant needs, ensuring consistent occupancy and rental income. Residents will appreciate the convenience of shared laundry facilities on-site, enhancing the overall appeal and functionality of the property. With its strategic location and desirable unit mix, this investment property promises substantial cashflow potential, making it an attractive addition to any investment portfolio. Situated just minutes away from downtown amenities and the lower park, tenants enjoy easy access to shopping, dining, entertainment, and outdoor recreational activities, enhancing the property's desirability and marketability. Don't miss out on this incredible opportunity to capitalize on strong rental demand in a sought-after location
Sold for $860,000 on 07/24/24
Listing Provided by:
Lizzy Young DRE #02141293 5302822038,
Parkway Real Estate Co.
Bought with: Re/Max Home and Investment
$860,000
550 E 9th St, Chico, CA 95928
10beds
9baths
4,916sqft
Mixed Use
Built in 1963
-- sqft lot
$837,700 Zestimate®
$175/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: July 25, 2024 at 08:40pm
Listing Provided by:
Lizzy Young DRE #02141293 5302822038,
Parkway Real Estate Co.
Bought with:
Lora Trenner, DRE #01959391
Re/Max Home and Investment
Source: CRMLS,MLS#: SN24104431
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 9
Appliances
- Included: Dryer
- Laundry: Laundry Room
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 4,916
- Total interior livable area: 4,916 sqft
Property
Parking
- Total spaces: 5
- Parking features: Paved
- Uncovered spaces: 5
Features
- Entry location: Front
- Pool features: None
Lot
- Size: 0.26 Acres
- Features: 6-10 Units/Acre
Details
- Parcel number: 004441009000
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Biking, Park, Sidewalks, Urban
Location
- Region: Chico
HOA & financial
Other financial information
- Total actual rent: 7261
Other
Other facts
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan