1163 E 8th

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1163 E 8th

Chico, CA 95928
Asking Price
$425K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The multifamily apartment building is available for $425,000.
  • Property is situated at 1163 E 8th in Chico, California.
  • The site consists of a single residential apartment unit.
  • Chico features a robust rental market near the university.
  • This asset is suitable for investors seeking residential properties.

What's Special

Priced at $425,000, this multifamily apartment building at 1163 E 8th provides a straightforward investment option in Chico, California. The property consists of a single unit, offering a manageable asset for investors looking to expand their portfolio within this growing university city. Chico serves as a major hub for the northern Sacramento Valley, supported by a stable population and consistent demand for rental housing driven by California State University, Chico and regional healthcare employers. This asset type remains a staple for real estate investors seeking potential income generation in a residential market. The location within the 95928 ZIP code places the building in a well-established urban environment, suitable for long-term residential leasing. Its configuration as a single unit allows for a simplified management approach while benefiting from the city’s steady economic backdrop.

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NOI
$80,000
Cap Rate
18.82%
DSCR
3.17
Strong
Cash-on-Cash
42.96%
Monthly Payment
$2,102.668
Annual Cash Flow
$54,767.983

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