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Chuck Lamm

chuck.lamm@engelvoelkers.com +1(818) 652-2876

$ 2,200,000

Est. payment -/mo

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Pending

890 E 9th ST Chico, CA 95928

11,862 SqFt

UPDATED:

10/01/2024 10:11 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Square Footage 11,862 sqft

Price per Sqft $185

MLS Listing ID SN24130414

Construction Status Turnkey

HOA Y/N No

Year Built 1965

Lot Size 0.380 Acres

Lot Dimensions Assessor

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

Zoning R3

Rooms

Other Rooms Storage

Ensuite Laundry Common Area, Laundry Room, See Remarks

Interior

Interior Features Ceiling Fan(s), Laminate Counters, Tile Counters

Laundry Location Common Area,Laundry Room,See Remarks

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Vinyl

Fireplaces Type None

Inclusions Refrigerators, range/ovens, wall coolers, washer and dryer

Fireplace No

Appliance Electric Oven, Electric Range, Refrigerator, Dryer, Washer

Laundry Common Area, Laundry Room, See Remarks

Exterior

Garage On Site, Off Street, Private, Unassigned

Fence None

Pool None

Community Features Curbs, Street Lights, Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Neighborhood

Parking Type On Site, Off Street, Private, Unassigned

Private Pool No

Building

Lot Description Corner Lot

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

Additional Building Storage

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 004447040000

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Listed by MaryAnn Scott • Parkway Real Estate Co. • 530-521-0297

Chuck Lamm

Broker Associate | License ID: 00857151

+1(818) 652-2876

Chuck Lamm

890 E 9th ST Chico, CA 95928

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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890 E 9th ST