1041 W 9th Street Chico, CA 95928

$925,000 Active

About the Property

1041 W 9th Street is a 4-unit multifamily property located in Chico, CA. Built in 1981, the property is comprised of (4) four-bedroom two-bathroom flats with sizeable floor plans of approximately 1,054 square feet each. The building is comprised of a stucco exterior, pitched composition shingle roof, dual pane windows, central HVAC and a concrete slab foundation. Comparable market data shows current rents are below market, allowing a new owner to achieve strong cash flow with minimal capital improvements going forward.

Property Information

Size 4,216 SqFt
Price/SqFt $219
Year Built 1981
Property Type Multi Family
Listing Number SN22174389
Listed 8/8/2022
Modified 8/12/2022
Listing Agent Spencer Moyer
Listing Office Alive Commercial Real Estate

Property Features

# of Buildings
  • 1
# of Units Leased
  • 4
# of Units Total
  • 4
Cap Rate
  • 4.05
Heating
  • Central
Land Use
  • Multi-Family
Parking Total
  • 9.00
Roof
  • Composition
Stories Total
  • 2
Uncovered Spaces
  • 9.00
Water Source
  • Other