618 RANCHERIA DR
CHICO, CA 95926
$599,000
0 Beds
0 Baths
3,016 Sq Ft
Status Pending
MLS# SN24103591
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%.
Details for 618 RANCHERIA DR
$199 / Sq Ft
0 parking spaces
28 Days on website
0.19 acres lot