550 E 9th ST, Chico, CA 95928
$860,000
$900,000
4.4%
Est.Price: ?

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0.26 Acres Lot

550 E 9th ST Chico, CA 95928

Est. payment /mo
SOLD DATE : 07/24/2024

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Key Details

Sold Price $860,000

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SN24104431

Sold Date 07/24/24

HOA Y/N No

Year Built 1963

Lot Size 0.260 Acres

Property Sub-Type Mixed Use

Property Description

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

Location

State CA

County Butte

Zoning R3

Interior

Fireplace No

Appliance Dryer

Laundry Laundry Room

Exterior

Parking Features Paved

Pool None

Community Features Biking, Park, Sidewalks, Urban

Total Parking Spaces 5

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 004441009000

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan

Financing Private

Special Listing Condition Standard

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Listed by Elizabeth Young Parkway Real Estate Co. 5302822038, DRE #02141293
Bought with Lora Trenner Re/Max Home and Investment
Jessica Lam

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