609 Rancheria Drive Chico, CA 95926

$1,495,000 Active

About the Property

Great investment near CSUC! This 5 unit complex is clean and has been very well cared for! All 5 units feature 3 spacious bedrooms and 2 bathrooms, full size washer and dryer, updated cabinets, granite counter tops in the kitchen with new stoves, refrigerators and water heaters. The upstairs bedrooms are very large 12'.6" x 16', each with two closets. Dual pane windows were installed in 2007, upgraded Levolor blinds for all windows in 2017 and new roof in 2013. There are very few owner expenses with tenants paying water, gas and electricity.

Property Information

Size 8,160 SqFt
Price/SqFt $183
Lot Size 0.21 Acres
Year Built 1968
Property Type Residential Income
Zoning R3
Listing Number SN24051664
Listed 3/15/2024
Modified 7/1/2024
Listing Agent John Barroso
Listing Office Parkway Real Estate Co.
Total Building 1
Total Units 5

Property Features

# Electric Meters
  • 5
# Gas Meters
  • 5
# Water Meters
  • 5
Community Features
  • Sidewalks
Cooling
  • Central Air
Garage Spaces
  • 0.00
Gross Income
  • 105840.00
Gross Scheduled Income
  • 105840.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 94592.00
Operating Expense
  • 11248.00
Pool
  • None
Price Pe rUnit
  • 299000
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Tenant Pays
  • All Utilities
Total Expenses
  • 11248.00
Views
  • Neighborhood
Water Source
  • Public
Flooring
  • Carpet
  • Tile
Roofing
  • Flat
  • Tar/Gravel
Interior
  • Ceiling Fan(s)
  • Granite Counters
  • Tile Counters
Appliances
  • Dishwasher
  • Disposal
  • Gas Oven
  • Gas Range
  • Refrigerator