8 Lorayne Court Chico, CA 95926

$599,000 Closed

About the Property

Please Note: This property has been SOLD

This is a great opportunity to own an investment property located just blocks away from CSU Chico. This well-positioned 4-plex offers not only immediate rental income but also substantial potential for increased capital appreciation and enhanced cash flow. Don't miss out on this opportunity to secure a 4-plex with potential for value enhancement and increased market rents. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a strategic entry point into the real estate market, this property offers a combination of location, potential, and profitability.

Property Information

Size 3,712 SqFt
Price/SqFt $161
Lot Size 0.22 Acres
Year Built 1980
Property Type Residential Income
Zoning R3
Listing Number SN23146463
Listed 8/10/2023
Modified 11/3/2023
Listing Agent Casey Smyth
Listing Office NextHome North Valley Realty
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Water Meters
  • 1
Cap Rate
  • 4.70
Construction Materials
  • Stucco
Cooling
  • Central Air
Fencing
  • None
Fireplace
  • None
Flooring
  • Carpet
Garage Spaces
  • 0.00
Gross Income
  • 41340.00
Gross Operating Income
  • 41340.00
Gross Scheduled Income
  • 40440.00
Heating
  • Central
Levels
  • Two
Net Operating Income
  • 28594.00
Operating Expense
  • 12746.00
Pool
  • None
Price Pe rUnit
  • 149750
Roofing
  • Composition
Sewer
  • Public Sewer
Spa
  • None
StoriesTotal
  • 2
Total Expenses
  • 17277.00
Water Source
  • Public
Appliances
  • Dishwasher
  • Refrigerator
Tenant Pays
  • Electricity
  • Gas
Community Features
  • Curbs
  • Sidewalks
  • Storm Drains
  • Street Lights
Utilities
  • Cable Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected