344 W 8th Street, Chico, CA 95928

$3,399,000
List Price
$3,399,000
Status
ACTIVE
MLS#
SN19281667
Lot Size
27,878
Acres
0.64
Lot Location
Level with Street, Lot 20000-39999 Sqft, Rectangular Lot, Level
Days on Market
74
Property Type
Land

Property Description

53 UNITS !! All of the hard work is done! Located in the very desirable South Campus area, its a quick trip to Bidwell Park and just a few blocks from the university and downtown with its many restaurants, bars and shopping. This project has ARB approval for 53 units and plans that include a parking garage and cafe on the ground floor for a proposed total square footage of 92,807 square feet. Plans show a nice mix of 2,3,& 4 bedroom units with a few studios mixed in. There are a lot of options here for a buyer/investor. You can buy this with the plans and build it out with your own contractor. Have the seller build it out and buy it as a finished project or there are a number of different ways to make money on this one. There are a lot of options here and the one thing they all have in common is that the potential for a nice profit is available no matter which way you go.

Additional Information

Lot Description
Gutters, Sidewalks, Storm Drains, Street Lights, Urban
View
Neighborhood
Sewer
Public Sewer
Water
Public

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Jim Aguilar from Century 21 Select Real Estate, Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.