$ 2,200,000
890 E 9th Street Chico, CA 95928
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Listed by MaryAnn Scott • Parkway Real Estate Co.
$ 2,200,000
Est. payment /mo
Pending
890 E 9th Street Chico, CA 95928
11,862 SqFt
UPDATED:
10/02/2024 05:35 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 11,862 sqft
Price per Sqft $185
MLS Listing ID CRSN24130414
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1965
Lot Size 0.380 Acres
Property Description
Fantastic, hard-to-find, and very well-maintained, the "Peppertree Apartments" in Chico, CA, presents an excellent investment opportunity. This well-established complex consists of 17 units, including 16 two-bedroom, one-bath units, and one one-bedroom, one-bath unit. Over the past few years, most units have been thoughtfully updated with vinyl plank flooring, modern ceiling fans, and stylish light fixtures. The apartments feature wall cooling, gas wall heating, and newer dual-pane windows. Recent upgrades also include new countertops in many of the units, refurbished roofing, and an enhanced courtyard. The courtyard is so clean and offers a welcoming space for residents to relax and enjoy. There is convenient on-site parking and off-street parking and a seller-owned on-site laundromat with coin-operated washers and dryers. The complex benefits from high occupancy rates, with units rarely vacant. Conveniently located near the freeway, park, and downtown, one unit is occupied by an on-site manager, with rent credit reflected accordingly.
Location
State CA
County Butte
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Vinyl, Carpet
Fireplace No
Appliance Dryer
Laundry Community Facility, Dryer, Laundry Room, Washer, Other, See Remarks
Exterior
View Other
Parking Type Other, Private, Unassigned
Building
Lot Description Corner Lot
Water Public
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