$650,000
618 Rancheria Drive
Chico, CA 95926
1965
Year Built
Butte
County
Apartment
Property Type
About this home
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.
Property Details
Architecture
Features & Amenities
Property Features
Community
Tax & Financial
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Mortgage Estimate
$3,460/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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