$1,295,000
1191 E 9th ST Chico, CA 95928
Save Share
Schedule a Tour
48
See all 48 photos
$1,295,000
Est. payment /mo
0.43 Acres Lot
Price Dropped by $80K
1191 E 9th ST Chico, CA 95928
UPDATED:
11/20/2024 07:26 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSN24196475
Style Cottage
Originating Board California Regional MLS
Year Built 1940
Lot Size 0.430 Acres
Property Description
Turnkey Investment - 8 Cottage Homes in the Heart of Chico This beautifully remodeled multifamily investment is a prime opportunity for investors looking for long-term value and stable cash flow. The property consists of 8 entirely renovated cottages (2018), modern interiors featuring luxury vinyl plank (LVP) flooring and granite countertops. Located in an ideal central Chico location, just three blocks from the scenic Bidwell Park and and a short distance to downtown and CSU Chico. 1/2 mile to Hwy 99. This property is perfect for attracting long-term tenants who enjoy the convenience and a great lifestyle. Cottages offer more privacy and space compared to traditional apartment buildings, making tenants willing to pay a premium for for these perks. Key Features: 8 Cottages: All homes underwent a comprehensive remodel in 2018, including new concrete foundations, electrical, plumbing, framing & insulation, Drywall, Hardie Plank exterior siding, doors and windows, efficient mini-split heat/AC, and new composite roofing along with modernized interiors and premium finishes. A separate new (2019) 480 square foot building housing 6 Storage units at below market rates and a coin laundry provides additional income and tenant convenience. Long-term tenants with a historic vacancy ra
Location
State CA
County Butte
Interior
Heating Other
Cooling Other
Laundry Laundry Area, Other
Exterior
Pool None
Building
Lot Description Grade - Level
Story One Story
Foundation Combination
Sewer Septic Tank / Pump
Water District - Public
Architectural Style Cottage
Others
Tax ID 004332009000
Special Listing Condition Not Applicable
© 2024 MLSListings Inc. All rights reserved.
Listed by Dustin Cheatham • Upside Real Estate
GET MORE INFORMATION
