618 Rancheria Drive, Chico, CA 95926
Fourplex · 2 recorded sales since 2015
Sold June 2024
Listing Agent: Spencer Moyer (DRE #01940191) · Listing Office: Alive Commercial Real Estate · Contact: 8589224181 · Bought with: Steve Depa · Re/Max of Chico · MLS #SN24103591 · Source: CRMLS
About this fourplex
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 description from the June 2024 sale, as reported to CRMLS.
Sale history
