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Low-rise residential building with brick porch supports beneath mature shade trees along a sidewalk.
Two-story olive-green apartment building with an exterior staircase and beige pickup truck.
Two-story olive-green house beside a tree-shaded paved driveway, with a window air conditioner.
Exterior wall with five electric meters and service boxes labeled 568, 564, 556, 552, and 550.
Kitchen with white cabinets, a refrigerator, stove, and peninsula counter with sink.
Small dining area with a round table, two chairs, and a refrigerator.
Bathroom tub and handheld shower with beige speckled tile and sliding glass door.
Living room with tan carpet, a large television, patterned rug, and window air conditioner.
SEE ALL PHOTOS
Low-rise residential building with brick porch supports beneath mature shade trees along a sidewalk.
Two-story olive-green apartment building with an exterior staircase and beige pickup truck.
Two-story olive-green house beside a tree-shaded paved driveway, with a window air conditioner.
Exterior wall with five electric meters and service boxes labeled 568, 564, 556, 552, and 550.
Kitchen with white cabinets, a refrigerator, stove, and peninsula counter with sink.
Small dining area with a round table, two chairs, and a refrigerator.
Bathroom tub and handheld shower with beige speckled tile and sliding glass door.
Living room with tan carpet, a large television, patterned rug, and window air conditioner.
Sold

550 E 9th Street

550 E 9th Street, Chico, CA 95928

$860,000
Prime 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

Studio

4,916 Sq.Ft. LIVING AREA

0.26 Acres lot

Lora Trenner-Voigt

Lora Trenner-Voigt

Features & Amenities

Interior

  • total bedrooms0
  • Laundry room Laundry Room
  • APPLIANCES Dryer

Area & Lot

  • Status Sold
  • Date Sold July 24, 2024
  • Living Area4,916 Sq.Ft.
  • Total Area4,916 Sq.Ft.
  • Lot Area0.26 Acres
  • MLS® IDSN24104431
  • TypeMulti-Family
  • YEAR BUILT1963
  • NeighborhoodHancock Park

Exterior

  • STORIES2
  • water SourcePublic
  • PoolNone
  • lot features6-10 Units/Acre
  • parkingPaved
  • sewerPublic Sewer

Financial

  • Sales Price$860,000
  • Zoning R3

Hancock Park

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