618 Rancheria Drive Chico, CA 95926
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 TypeMulti-Family
- NeighborhoodN/A
- CountyButte
- Taxes$6,659
- HOA/Condo/Coop Fees$0
- Days on Site24 Days
- MLS StatusPending
- MLS ID NumberSN24103591
- Home Size Source N/A
- Year Built1965
- Lot Size0.19 Acres
- Full BathsN/A
- Partial BathsN/A
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Learn MoreRecent Activity For 618 Rancheria Drive Chico, CA 95926
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General Features
- Parking Spaces 0
- Sewer Public Sewer
- Number of Stories 22
- Acreage 0.19
- Water Public
- Property Sub Type Quadruplex
- Garage Spaces 0
- Zoning R3
- Listing Conditions Standard
Interior Features
- Laundry Features None
Exterior Features
- Pool Features None
- Lot 16-20 Units/ Acre
Community Features
- Association Dues 0
- Community Features BikingSidewalksStreet Lights
- Senior Community No