59
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$650,000
Est. payment /mo
8,276 Sqft Lot
Active
618 Rancheria DR Chico, CA 95926
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Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SN26126309
HOA Y/N No
Year Built 1965
Lot Size 8,276 Sqft
Property Sub-Type Apartment
Property Description
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.
Location
State CA
County Butte
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry None
Exterior
Pool None
Community Features Sidewalks
Utilities Available Sewer Connected
Private Pool No
Building
Lot Description Level, Walkstreet
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 043180025000
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Matt Depa Capital Rivers Commercial Inc 530-514-6288, DRE #01861484
NEARBY SCHOOL & BUSINESS
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