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$0
- HOA/Condo/Coop Fees$0
- Days on Site24 Days
- MLS StatusPending
- MLS ID NumberSN24103591
- Home Size Source N/A
- Year BuiltN/A
- Lot Size0.19 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Terms CashConventional
- Stories 2 Story
Exterior Features
- Pool N/K