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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

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    What's special

    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

    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#: SN24104431MLS LogoOriginating 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