550 E 9th Street Chico, CA $ 900,000
550 E 9th Street
$ 900,000
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550 E 9th Street

Chico, CA, 95928
$ 900,000
Bedrooms10 Baths9.0 Sq 4,916

Monthly Estimate*

$ 5,982

Listed by Parkway Real Estate Co.
550 E 9th Street, Chico, CA 95928 - Image 1
550 E 9th Street, Chico, CA 95928 - Image 2
550 E 9th Street, Chico, CA 95928 - Image 3
550 E 9th Street, Chico, CA 95928 - Image 4
550 E 9th Street, Chico, CA 95928 - Image 5
550 E 9th Street, Chico, CA 95928 - Image 6
550 E 9th Street, Chico, CA 95928 - Image 7
550 E 9th Street, Chico, CA 95928 - Image 8

Multi-Family Home for sale in Chico, CA

for $900,000 with 10 bedrooms and 9 full baths. This 4,916 square foot home was built in 1963 on a lot size of 0.26.

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

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Multi-Family Pending

Price

$ 900,000

Bedrooms

10

Full Bath

9

Property Type

Multi-Family

Taxes

$ 0

Style

MixedUse

Lot Size

0.26

Year Built

1963

Town/City

Chico

County/Region

Butte

MLS | Web ID

SN24104431

Days on Market

29

Features
General
Sewer PublicSewer
Appliances Dryer
Zoning R3
HOA 0.0
Garage Spaces 0.0
Pool Features None
Year Built 1963
Property SubType MixedUse
Gross Income 87132.0
Community Features Biking Park Sidewalks Urban
County Butte
Net Operating Income 63593.1
Operating Expense 23538.9
Insurance Expense 2000.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Pending
Directions Park Ave to E. Ninth St
City Chico
Entry Location Front
View Y/N N
Senior Community Y/N N
Open Parking Spaces 5.0
NumberOfUnitsTotal 9
Lot Size Units SquareFeet
Lot Size Square Feet 11326.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Listing Terms Cash CashtoExistingLoan CashtoNewLoan
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 6418.4
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 2389.0
Water Sewer Expense 2831.5
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 15
Building Area Units SquareFeet
Standard Status Pending
Year Built Source Assessor
Tax Lot 5 6
Total Actual Rent 7261.0
Property Sub Type Additional MixedUse
Taxes 9900.0
Cap Rate 7.0
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Exterior
Parking Features Paved
Lot Features Item610UnitsAcre
Water Source Public
Total Parking 5.0
Lot Size Area 11326.0
Number of Buildings 2
Spa N
Building Area Total 4916.0
Lot Size Acres 0.26
Lot Size Source Assessor
Number of Separate Water Meters 9
Number of Separate Gas Meters 9
Number of Separate Electric Meters 9
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Laundry Features LaundryRoom
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 550
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* Excluded Features
List By
Parkway Real Estate Co.

Broker

(530) 592-3432

Phone

Affordability Calculator

$5,982
Per Month
100%
0%
0%
Monthly Principal & Interest
$5,982
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/23/2024$900,000 Listed Price

Map


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550 E 9th Street, Chico, CA, 95928 is a Multi-Family Home for sale at $900,000 with 4,916 sqft and a lot size of 0.26. 550 E 9th Street has 10 bedrooms, 9.0 baths, and was built in 1963. The property's zip code is 95928 which is in Chico, CA