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Listed by Dustin Cheatham • Upside Real Estate
$ 1,295,000
Est. payment /mo
Active
1191 E 9th Street Chico, CA 95928
4,844 SqFt
UPDATED:
11/21/2024 03:47 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,844 sqft
Price per Sqft $267
MLS Listing ID CRSN24196475
HOA Y/N No
Originating Board Datashare California Regional
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 rate of 2
Location
State CA
County Butte
Interior
Heating Other
Cooling Other
Flooring Vinyl
Fireplace No
Laundry Other, Inside
Building
Lot Description Corner Lot, Level, Other
Water Public
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