• 550 E 9th Street Chico, CA 95928

  • $900,000
  • 0
    Bed(s)
  • 0
    Baths
  • 4,916
    Sq Ft
  • 11326
    Sqft
  • Listed By: Elizabeth Young, Parkway Real Estate Co., DRE #02141293
  • Source: CRMLS

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

Property Type :

Residential Income

Subdivision :

Fallbrook

County :

Butte

Style :

Residential Income

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Property Details

 

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Interior Features

Property Appliances: Dryer

Building Information

Year Built: 1963

Building Area Total: 4,916

Pool Features

None

Laundry Features

Laundry Room

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.26

Lot Size Source: Assessor

Lot Size Square Feet: 11326

Listing Price Information

Original List Price: 900,000

Listing Contract Date: 2024-05-02

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 004441009000

Garage and Parking

Garage Description: Paved

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Pending

Source Neighborhood:

Postal Code Plus 4: 5762

Directions: Park Ave to E. Ninth St

Zoning: R3

Source Property Type: Residential Income

Property SubType: Mixed Use

Building and Construction

Property Age: 61

Common Walls: 2+ Common Walls

Structure Type: Mixed Use

Year Built Source: Assessor

Entry Level: 1

Entry Location: Front

Property Attached: Yes

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Fair Street, Chico, CA,95928 $2,250,000 -- -- -- 958320 Sqft
2376 Dayton Road, Chico, CA,95928 $1,325,000 3 2 1,536 865972.8 Sqft
3467 Shallow Springs, Chico, CA,95928 $145,000 -- -- -- 10454 Sqft
3395 Shallow Springs, Chico, CA,95928 $155,000 -- -- -- 27443 Sqft
99 Highway 99, Chico, CA,95928 $8,250,000 -- -- -- 39983836 Sqft
3264 Siena Ridge Loop, Chico, CA,95928 $265,000 -- -- -- 21780 Sqft
300 Spanish Garden Drive, Chico, CA,95928 $299,000 -- -- -- 131116 Sqft
247 Eagle Nest Drive, Chico, CA,95928 $100,000 -- -- -- 48352 Sqft
Twin Creeks Court, Chico, CA,95928 $1,100,000 -- -- -- 2965565 Sqft
Sky Court, Chico, CA,95928 $72,000 -- -- -- 261360 Sqft

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ByOwner last updated this listing 06/16/2024 @ 23:51

MLS: SN24104431
LISTED BY: Elizabeth Young, Parkway Real Estate Co.
SOURCE: CRMLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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