550 E 9th Street Chico, CA 95928
About the Property
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
Property Information
| Size | 4,916 SqFt |
|---|---|
| Price/SqFt | $175 |
| Lot Size | 0.26 Acres |
| Year Built | 1963 |
| Property Type | Residential Income |
| Zoning | R3 |
| Listing Number | SN24104431 |
| Listed | 5/2/2024 |
|---|---|
| Modified | 7/25/2024 |
| Listing Agent | Elizabeth Young |
| Listing Office | Parkway Real Estate Co. |
| Total Building | 2 |
| Total Units | 9 |
Property Features
- 9
- 9
- 9
- 7.00
- 0.00
- 87132.00
- 87132.00
- 63593.10
- 23538.90
- 5.00
- None
- 100000
- Public Sewer
- 2
- 7261.00
- 23538.90
- 5.00
- Public
- Biking
- Park
- Sidewalks
- Urban
Listed by Elizabeth Young of Parkway Real Estate Co.. Listing data last updated 10/21/2024 at 5:36 PM PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of 7/25/2024 8:39 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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