1041 W 9th Street Chico, CA 95928

$925,000 Pending

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
Lot Size 0.2 Acres
Year Built 1981
Property Type Residential Income
Listing Number SN22178084
Listed 8/12/2022
Modified 8/24/2022
Listing Agent Spencer Moyer
Listing Office Alive Commercial Real Estate
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Units Leased
  • 4
# Water Meters
  • 4
Cap Rate
  • 4.53
Community Features
  • Biking
Cooling
  • Central Air
Garage Spaces
  • 0.00
Gross Income
  • 71760.00
Gross Scheduled Income
  • 71760.00
Heating
  • Central
Net Operating Income
  • 41862.00
Operating Expense
  • 27745.00
Parking Total
  • 9.00
Pool
  • None
Price Pe rUnit
  • 231250
Roofing
  • Composition
Sewer
  • Public Sewer
StoriesTotal
  • 2
Total Expenses
  • 27745.00
Uncovered Spaces
  • 9.00
Water Source
  • Public