L
Seller's Agent in 2024
Lizzy Young
Parkway Real Estate Co.
(530) 809-3700
1 in this area
11 Total Sales
550 E 9th St Chico, CA 95928
Eastwood Neighborhood
10
Beds
9
Baths
4,916
Sq Ft
0.26
Acres
Highlights
- No HOA
- Park
- Bike Trail
- Parkview Elementary School Rated A-
- Laundry Room
About This Home
As of July 2024Prime 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
Last Agent to Sell the Property
Parkway Real Estate Co. Brokerage Phone: 5302822038 Listed on: 05/23/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 0.26 Acre Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 4,916 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 9 Bathrooms
Laundry
- Laundry Room
- Dryer
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
- Parking Available
- Paved Parking
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 5,6 / J
- Assessor Parcel Number 004441009000
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 9 Units
Recreation
- Park
- Bike Trail
Building Details
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 9 Separate Water Meters
- Electric Expense $6,418
- Insurance Expense $2,000
- Trash Expense $2,389
- Water Sewer Expense $2,832
- New Taxes Expense $9,900
- Operating Expense $23,539
- Gross Income $87,132
- Net Operating Income $63,593
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/24/2024 07/24/24 | Sold | $860,000 | -4.4% | $175 / Sq Ft |
| 07/22/2024 07/22/24 | For Sale | $900,000 | 0.0% | $183 / Sq Ft |
| 06/07/2024 06/07/24 | Pending | -- | -- | -- |
| 05/23/2024 05/23/24 | For Sale | $900,000 | -- | $183 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,187 | $860,000 | $190,000 | $670,000 |
| 2024 | $9,187 | $884,340 | $166,464 | $717,876 |
| 2023 | $63 | $868,000 | $163,200 | $704,800 |
| 2022 | $5,080 | $449,690 | $127,463 | $322,227 |
| 2021 | $4,982 | $440,893 | $124,964 | $315,929 |
| 2020 | $4,971 | $436,383 | $123,683 | $312,700 |
| 2019 | $4,884 | $427,847 | $121,258 | $306,589 |
| 2018 | $4,794 | $419,479 | $118,881 | $300,598 |
| 2017 | $4,692 | $411,274 | $116,550 | $294,724 |
| 2016 | $4,287 | $403,230 | $114,265 | $288,965 |
| 2015 | $4,286 | $397,189 | $112,549 | $284,640 |
| 2014 | $4,188 | $389,429 | $110,345 | $279,084 |
Source: Public Records
Agents Affiliated with this Home
-
Lizzy Young
-
Lora Trenner
Buyer's Agent in 2024
Lora Trenner
RE/MAX
(530) 228-9356
2 in this area
130 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SN24104431
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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