Property Details
About this Property
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 Listing Information
MLS #
CRSN24196475
MLS Source
California Regional MLS
Days on Site
46
Interior Features
Appliances
Other
Cooling
Other
Heating
Other
Exterior Features
Foundation
Combination
Style
Cottage
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Sewer
Septic Tank
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 9 | 8 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
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.
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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
