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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.
Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.