282 E 8th Street Chico, CA 95928

$1,195,000 Active

About the Property

Enhance your investment portfolio with this exceptional opportunity to own a distinctive collection of studio and 1-bedroom downtown lofts, combining the charm of the old with modern comforts. Over the past few years, every unit has been updated, and the building has undergone comprehensive renovations from the roof down to the decking. Residents love the convenience of walking and biking to downtown coffee shops and restaurants. Enjoy your morning coffee on one of the several porches, or have a picnic in the courtyard while picking fresh figs and oranges. Rich in Chico history, the property even features a historic hitching post out front, a charming relic from the days when horses were a common sight.

Property Information

Size 4,600 SqFt
Price/SqFt $260
Lot Size 0.18 Acres
Year Built 1901
Property Type Residential Income
Zoning C1
Listing Number SN24128891
Listed 6/24/2024
Modified 6/24/2024
Listing Agent Matt Depa
Listing Office Re/Max of Chico
Total Building 1
Total Units 10

Property Features

# Electric Meters
  • 11
# Gas Meters
  • 11
# Water Meters
  • 1
Community Features
  • Sidewalks
Cooling
  • Wall/Window Unit(s)
Garage Spaces
  • 0.00
Gross Income
  • 9900.00
Gross Scheduled Income
  • 119967.00
Heating
  • Wall Furnace
Net Operating Income
  • 76362.00
Operating Expense
  • 43605.00
Pool
  • None
Price Pe rUnit
  • 119500
Sewer
  • Public Sewer
StoriesTotal
  • 2
Total Expenses
  • 43605.00
Water Source
  • Public