618 Rancheria Drive , Chico, CA 95926
Located in the heart of Chico, this well-positioned four-unit multifamily p...
$650,000
Located in the heart of Chico, this well-positioned four-unit multifamily property presents an attractive investment opportunity with strong rental demand and a highly desirable unit mix. The property consists of four spacious two-bedroom, one-bathroom units, each approximately 765 square feet, offering residents comfortable living accommodations while providing investors with stable income potential. The property's prime location is a significant advantage, situated just 0.2 miles from California State University, Chico and approximately 0.8 miles from Chico High School. This strategic positioning supports consistent tenant demand from both the student population and the broader Chico rental market. This desirable location, versatile unit mix, and strong occupancy fundamentals, this property offers investors the opportunity to acquire a well-located multifamily asset in one of Northern California's most established university communities.
Additional Information

Schedule a Showing
Year Built:1965
Size:3016 Sq. Ft.
Lot Size:0.19 Acres
Price:$215.52 per Sq. Ft.
MLS ID:SN26126309
Listing Type:Residential Income
Address
  • Internet Published
  • Income
  • Monthly Gross Income: $4215.00
  • Net Operating Income: $31995.00
  • Pool
  • Pool Type: None
  • Sale Type
  • Sale Type: Standard