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
MLS #
CRSN24196475
MLS Source
California Regional MLS
Days on Site
46
Appliances
Other
Cooling
Other
Heating
Other
Foundation
Combination
Style
Cottage
Garage/Parking
Garage: 0 Car(s)
Sewer
Septic Tank
HOA Fee
$0
# Buildings | # Leased Units | # Total Units |
---|---|---|
9 | 8 | – |
1191 E 9th St is a Residential Income in Chico, CA 95928. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,375,000 and was built in 1940.
This address can also be written as 1191 E 9th St, Chico, CA 95928.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of October 03, 2024. For the most current information, please contact Dustin Cheatham, (530) 355-6881