618 Rancheria Drive Chico, CA ^$ 599,000

618 Rancheria Drive

^$ 599,000

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618 Rancheria Drive

Chico, CA, 95926

^$ 599,000

Bedrooms8 Baths4.0 Sq 3,016

Monthly Estimate*

^$ 3,981

Listed by Alive Commercial Real Estate

618 Rancheria Drive, Chico, CA 95926 - Image 1

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Multi-Family Home for sale in Chico, CA

for $599,000 with 8 bedrooms and 4 full baths. This 3,016 square foot home was built in 1965 on a lot size of 0.19.

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%.

Multi-Family Pending

Price

^$ 599,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 6,659

Style

Quadruplex

Lot Size

0.19

Year Built

1965

Town/City

Chico

County/Region

Butte

MLS | Web ID

SN24103591

Days on Market

Features

General

Sewer PublicSewer

Zoning R3

HOA 0.0

Garage Spaces 0.0

Pool Features None

Year Built 1965

Tenant Pays Electricity Gas

Stories 2

Levels Two

Property SubType Quadruplex

Gross Income 54708.0

Community Features Biking StreetLights Sidewalks

County Butte

Net Operating Income 36585.0

Operating Expense 18123.0

Insurance Expense 2786.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Contingency Inspections

Garage Y/N N

Special Listing Conditions Standard

Status Pending

Directions From the University: North on Warner Street Left on W Sacramento Ave Right on Mechoopda Left on Rancheria

City Chico

Entry Location Front

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 4

Lot Size Units SquareFeet

Lot Size Square Feet 8276.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Listing Terms Cash Conventional

Property Attached Y/N Y

Land Lease Y/N N

Tax Annual Amount 6659.0

Electric Expense 613.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 2098.0

Water Sewer Expense 2167.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 3

Building Area Units SquareFeet

Standard Status Pending

Year Built Source PublicRecords

Tax Lot 25

Property Sub Type Additional Quadruplex

Cap Rate 6.11

Exterior

Lot Features Item1620UnitsAcre

Water Source Public

Total Parking 0.0

Lot Size Area 8276.0

Number of Buildings 1

Spa N

Building Area Total 3016.0

Lot Size Acres 0.19

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 4

Number of Separate Electric Meters 4

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item1CommonWall

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 618

* Excluded Features

List By

Alive Commercial Real Estate

Broker

(916) 885-4205

Phone

Affordability Calculator

$4,536

Per Month

Monthly Principal & Interest: $3,981
Monthly Property Taxes: $555
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chico, CA

Average List Price ^$696,027

Percent of Sale Price 16%

About Chico, CA

92,365 Population

18% Since 2002

^$46,766 Median Income

32.42 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/22/2024	$599,000		Listed Price

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618 Rancheria Drive, Chico, CA, 95926 is a Multi-Family Home for sale at $599,000 with 3,016 sqft and a lot size of 0.19. 618 Rancheria Drive has 8 bedrooms, 4.0 baths, and was built in 1965. The property's zip code is 95926 which is in Chico, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/22/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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618 Rancheria Drive

Multi-Family Home for sale in Chico, CA

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