618 Rancheria Drive Chico, CA 95926
About the Property
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%.
Property Information
| Size | 3,016 SqFt |
|---|---|
| Price/SqFt | $192 |
| Lot Size | 0.19 Acres |
| Year Built | 1965 |
| Property Type | Residential Income |
| Zoning | R3 |
| Listing Number | SN24103591 |
| Listed | 5/21/2024 |
|---|---|
| Modified | 6/27/2024 |
| Listing Agent | Spencer Moyer |
| Listing Office | Alive Commercial Real Estate |
| Total Building | 1 |
| Total Units | 4 |
Property Features
- 4
- 4
- 1
- 6.11
- 0.00
- 54708.00
- 54708.00
- 56400.00
- Two
- 36585.00
- 18123.00
- None
- 149750
- Public Sewer
- 2
- 18123.00
- Public
- Electricity
- Gas
- Biking
- Sidewalks
- Street Lights
Listed by Spencer Moyer of Alive Commercial Real Estate. Listing data last updated 10/16/2024 at 9:38 AM PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/27/2024 11:28 AM. 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.
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