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344 W 8th Street

Chico, CA 95928
  • $5,000,000
  • STATUS: Active
  • ON SITE: 717 Days
  • ID#: SN19281667
UPDATED: 38 min ago
$5,000,000
  • 0
    BEDS
  • 0.64
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent: Jim Aguilar of Century 21 Select Real Estate, Inc.


Description

53 units. Plans have been submitted for plan check and permits will be ready in sixty days or less. Seller has already spent $2,540,529.00 on plans, land and fees. Approximately 103,000 sqft. The property features 128 bedrooms total with 2,3 & 4 bedroom units. It is situated in the highly desirable South Campus neighborhood within a very short walk to the university and downtown. Low vacancy has resulted in rising rents making the South Campus neighborhood the most attractive rental market in the Chico area. There are a lot of options here for this shovel ready project. You can buy this and build it out with your own contractor. Have the seller build it out and buy it as a finished project. There are a lot of options here and the one thing they all have in common is that the potential for a nice profit is available no matter which way you go

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-07T22:26:24.017. 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/101834589
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344 W 8th Street Chico, CA 95928

  • Price: $5,000,000
  • Status: Active
  • On Site: 717 Days
  • Updated: 38 min ago
  • ID#: SN19281667
0
Beds
0
Baths
0
½ Baths
0.64
Acres
County:
Butte
Property Description
53 units. Plans have been submitted for plan check and permits will be ready in sixty days or less. Seller has already spent $2,540,529.00 on plans, land and fees. Approximately 103,000 sqft. The property features 128 bedrooms total with 2,3 & 4 bedroom units. It is situated in the highly desirable South Campus neighborhood within a very short walk to the university and downtown. Low vacancy has resulted in rising rents making the South Campus neighborhood the most attractive rental market in the Chico area. There are a lot of options here for this shovel ready project. You can buy this and build it out with your own contractor. Have the seller build it out and buy it as a finished project. There are a lot of options here and the one thing they all have in common is that the potential for a nice profit is available no matter which way you go
Exterior Features

Fencing Good Condition Lot Features LevelRectangular LotStreet Level Road Frontage Type City Street Road Surface Type MaintainedPaved Sign On Property YN No View Neighborhood View YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Community Apartment Community Features Gutter(S)Storm Drain(S)Street LightsSidewalksUrban Current Financing None Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash1031 ExchangeSubmit New Construction YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available Water Source Public Zoning Rmu Cos



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-07T22:26:24.017. 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.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_363836789-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_363836789-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_363836789-1.jpg
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Coldwell Banker C&C Properties
2120 Churn Creek Rd.
Redding CA, 96002
Listing Agent: Jim Aguilar of Century 21 Select Real Estate, Inc.