Tanya Irish

Designer, Builder, Residential Realtor

618 Rancheria Drive, Chico, CA 95926 | Listings

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618 Rancheria Drive, Chico, CA 95926

  • $599,000
  • 3,016 sq ft
  • Year Built: 1965
  • Residential Income
  • Listing #SN24103591
  • Status: Pending

Property Description

Welcome to 618 Rancheria Drive, an enticing 4-unit multifamily opportunity nestled in the heart of Chico, CA. This property features four-units, each boasting two bedrooms and one bathroom, spanning roughly 765 square feet, with current average rents of $1,175. This unit mix offers a fresh perspective for new investors, as it diverges from the typical three and four-bedroom layouts commonly found in the area. Positioned just 0.2 miles from the University and a mere 0.8 miles from Chico High School, this property appeals to a diverse range of renters, including both students and non-students alike. This prime investment opportunity is offered at an attractive basis of $149,750/unit, yielding a strong day-one CAP rate of 6.11%.

Listing Details

Price$599,000
Year Built1965
Property TypeResidential Income
Listing #SN24103591
StatusPending
CountyButte
Listing TypeFor Sale
Property Taxes (Annual)$6,659

Interior Features

Square Feet3,016
LaundryNone

Exterior Features

Lot Size0.19 acres
PoolNone

Miscellaneous

Garage Spaces0.00

Courtesy of Spencer Moyer (License #01940191), Alive Commercial Real Estate

Based on information from CARETS as of 6/16/2024 10:59 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX provided by NextHome, Inc.
This content last updated on 6/16/2024 10:59 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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