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1041 W 9th Street

Chico, CA 95928
  • $925,000
  • STATUS: Active
  • ON SITE: 51 Days
  • ID#: SN22174389
UPDATED: 27 min ago
$925,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1981
County:

School Ratings & Info

Listing Agent(s): Spencer Moyer of Alive Commercial Real Estate (916-314-7005)


Description

1041 W 9th Street is a 4-unit multifamily property located in Chico, CA. Built in 1981, the property is comprised of (4) four-bedroom two-bathroom flats with sizeable floor plans of approximately 1,054 square feet each. The building is comprised of a stucco exterior, pitched composition shingle roof, dual pane windows, central HVAC and a concrete slab foundation. Comparable market data shows current rents are below market, allowing a new owner to achieve strong cash flow with minimal capital improvements going forward.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-29T10:33:54.103. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker C&C Properties. Licensed in the State of California, USA.
www.realestateredding.com/homes/131952546
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1041 W 9th Street Chico, CA 95928

  • Price: $925,000
  • Status: Active
  • On Site: 51 Days
  • Updated: 27 min ago
  • ID#: SN22174389
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1981
Built
County:
Butte
Property Description
1041 W 9th Street is a 4-unit multifamily property located in Chico, CA. Built in 1981, the property is comprised of (4) four-bedroom two-bathroom flats with sizeable floor plans of approximately 1,054 square feet each. The building is comprised of a stucco exterior, pitched composition shingle roof, dual pane windows, central HVAC and a concrete slab foundation. Comparable market data shows current rents are below market, allowing a new owner to achieve strong cash flow with minimal capital improvements going forward.
Exterior Features

Lot Features 0-1 Unit/Acre Open Parking Spaces 9 Parking Total 9 Roof Composition

Interior Features

Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 4.05 Common Interest None Electric Expense 800 Gross Scheduled Income 71760 Insurance Expense 1800 Laundry Features Common Area Listing Agreement Exclusive Right To Sell Net Operating Income 40318 Number Of Units Leased 4 Operating Expense 29288 Property Sub Type Multi Family Special Listing Conditions Standard Tax Annual Amount 12386 Trash Expense 3922 Vacancy Allowance 2152 Water Sewer Expense 900 Water Source Other



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-29T10:33:54.103. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker C&C Properties. Licensed in the State of California, USA.
 
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Coldwell Banker C&C Properties
2120 Churn Creek Rd.
Redding CA, 96002
Listing Agent(s): Spencer Moyer of Alive Commercial Real Estate (916-314-7005)