1191 E 9th St | Chico, CA 95928
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- LoopNet Team
1191 E 9th St
Chico, CA 95928
8 Cottage Homes in the Heart of Chico · Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Rents below market value, offering upside potential.
- Less intensive management needs compared to apartment buildings due to no shared walls, and long-term leases already in place.
- 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.
- Appraised at $1.5 million, making this a fantastic deal at $1,375,000.
- Desirable updated homes provide steady income and minimal upkeep
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.43 AC |
| Property Type | Multifamily | Building Size | 4,844 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Single-Family Home | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 2018/2019 |
| Zoning | SFR-Multi - The homes and laundry/storage buildings are all permitted and updates were done with permits. | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 4,844 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 2018/2019 |
| Zoning | SFR-Multi - The homes and laundry/storage buildings are all permitted and updates were done with permits. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Refrigerator
- Oven
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+2 | 1 | $1,085 | 425 |
| 2+1 | 4 | $1,308 | 535 - 762 |
| 1+1 | 3 | $980.00 | 405 - 439 |
PROPERTY TAXES
| Parcel Number | 004-332-009-000 | Improvements Assessment | $365,039 |
| Land Assessment | $208,902 | Total Assessment | $573,941 |
PROPERTY TAXES
Parcel Number
004-332-009-000
Land Assessment
$208,902
Improvements Assessment
$365,039
Total Assessment
$573,941
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