745 Rancheria Drive Chico, CA 95926

$425,000 Pending

About the Property

Very clean 4-plex in great condition located one block from Chico State. The property has had the same owner for the past 40 years and he has done an excellent job of maintaining and managing it. Each unit has 2 bedrooms, 1 bath, central heat and AC, and a private patio/balcony. The property has off street parking, low maintenance landscaping, and a laundry room with coin operated equipment that is included with the sale. All 4 units are leased through May of 2019 to good tenants who have lived at the property for many years. Please note that there is no sign on the property.

Property Information

Size 3,506 SqFt
Price/SqFt $121
Lot Size 0.21 Acres
Year Built 1971
Property Type Residential Income
Zoning R3
Listing Number SN18129242
Listed 6/1/2018
Modified 6/8/2018
Listing Agent Michael McCrady
Listing Office Michael McCrady, Broker
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 5
# Gas Meters
  • 5
# Water Meters
  • 1
Cap Rate
  • 6.40
Cooling
  • Central
Electric
  • 220V In Laundry
Garage Spaces
  • 0.00
Gross Income
  • 38280.00
Gross Scheduled Income
  • 37800.00
Heating
  • Central Furnace
Levels
  • Two
Net Operating Income
  • 27302.00
Operating Expense
  • 9844.00
Parking Total
  • 10.00
Pool
  • None
Roofing
  • Composition
Sewer
  • Sewer Paid
Total Expenses
  • 9844.00
Uncovered Spaces
  • 10.00
Water Source
  • Public
Community Features
  • Sidewalks
  • Storm Drains