1169 E 8th Street Chico, CA 95928

$575,000 Closed

About the Property

Please Note: This property has been SOLD

Superbly maintained 10 unit apartment complex located in a central Chico location, close to downtown, shopping, and the freeway. Wonderfully cared for over the years, this complex consists of 4 one bedroom units and 6 two bedroom units in two separate buildings. Roofs are only 9 years old, stucco on both buildings is 6 years old, and all units have dual pane windows. All units are quite spacious, the one bedroom units are 588 sq. ft. and two bedroom units are 840 sq. ft.

Property Information

Size 7,392 SqFt
Price/SqFt $78
Lot Size 0.44 Acres
Year Built 1984
Property Type Residential Income
Listing Number CH13211396
Listed 10/16/2013
Modified 11/26/2013
Listing Agent Ryan McDougal
Listing Office Bill Carter Realty
Total Building 2
Total Units 10

Property Features

# Electric Meters
  • 10
# Gas Meters
  • 10
# Units Leased
  • 10
# Water Meters
  • 1
Community Features
  • Urban
Construction Materials
  • Stucco
Cooling
  • Wall/Window Unit(s)
Garage Spaces
  • 0.00
Gross Income
  • 5780.00
Gross Scheduled Income
  • 66005.00
Heating
  • Wall Furnace
Levels
  • Two
Net Operating Income
  • 30627.00
Operating Expense
  • 35378.00
Parking Total
  • 18.00
Pool
  • None
Price Pe rUnit
  • 59900
Roofing
  • Composition
Total Actual Rent
  • 5780.00
Utilities
  • Sewer Connected
Water Source
  • Public
Tenant Pays
  • Cable TV
  • Electricity

Price History

Date From To Change
11/26/2013 $599,000 $575,000 ($24,000)