814 Rancheria Drive Chico, CA 95926

$475,000 Closed

About the Property

Please Note: This property has been SOLD

Truly unique investment opportunity! The property has been updated and upgraded like no other - The owner has spared no expense in the improvement of the building recently and it is now the epitome of turn-key. All units have had new top-of-the-line TRANE central heat and air units installed, the entire building has been re-plumbed with new blue-line copper hot and cold water pipes and in addition, the hot water is now delivered via a new tankless, on-demand system… One unit has even been completely remodeled and is being rented at a premium as a fully-furnished apartment. All furnishings for this unit are even included with the sale! The stoves and ovens in all 4 units have been replaced and even the onsite laundry units have been refurbished providing the tenants with a quality facility and the owner with additional income in the process. The complex is located within easy walking distance to Chico State University as well as shopping and other conveniences, making it appealing for both students and non-students alike…Fully occupied and with solid rental history, this property is ready to add to your portfolio and to begin providing you with tremendous cash-flow from day one.

Property Information

Size 3,392 SqFt
Price/SqFt $140
Lot Size 0.2 Acres
Year Built 1969
Property Type Residential Income
Zoning R3
Listing Number SN19247791
Listed 10/21/2019
Modified 12/23/2019
Listing Agent Dan Bosch
Listing Office Re/Max of Chico
Total Building 1
Total Units 4

Property Features

# Electric Meters
  • 4
# Gas Meters
  • 4
# Water Meters
  • 4
Garage Spaces
  • 0.00
Gross Income
  • 48600.00
Gross Scheduled Income
  • 48600.00
  • Central
Net Operating Income
  • 29305.00
Operating Expense
  • 19295.00
  • None
  • Public Sewer
Water Source
  • Public
Community Features
  • Curbs
  • Storm Drains