261 E 8th Street Chico, CA 95928

$275,000 Closed

About the Property

Please Note: This property has been SOLD

Investment opportunity! This 2 unit building is located just a few blocks from Downtown Chico and offers tremendous potential to the creative investor. Owned by the same family for many years, the time has now come to sell. The property needs some TLC, however according to the City of Chico, the zoning is RMU (Residential, mixed use) which allows for a wide variety of potential uses. Bring your imagination and ideas to this one and it could be the gem you've been looking for!

Property Information

Lot Size	0.14 Acres
Year Built	1923
Property Type	Residential Income
Zoning	C1
Listing Number	SN22251797
Listed	12/6/2022

Modified	2/10/2023
Listing Agent	Dan Bosch
Listing Office	Re/Max of Chico
Total Building	1
Total Units	2

Property Features

# Electric Meters

# Gas Meters

# Water Meters

Cooling

Wall/Window Unit(s)

Fireplace

None

Garage Spaces

0.00

Gross Income

24000.00

Gross Scheduled Income

24000.00

Levels

Pool

None

Price Pe rUnit

137500

Sewer

Public Sewer

Water Source

Public

Community Features

Biking
Curbs
Gutters
Sidewalks
Storm Drains
Street Lights

Listed by Dan Bosch of Re/Max of Chico. Listing data last updated 4/24/2024 at 7:26 AM PDT.

Based on information from California Regional Multiple Listing Service, Inc. as of 2/10/2023 4:15 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Property Location

Directions: Located on the Corner of 8th and Wall Streets

Investment Analysis

Gross Income
Gross Rent Multiplier
Price per Unit
Estimated Insurance
Estimated Taxes
Estimated Net Income
Estimated Debt Service
Estimated Cashflow
Estimated Cash on Cash

*Investment Analysis is estimated based on listing provided data and averages which may not be specific to this property and does not represent actual expenses, returns, or amounts.

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