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Charles Sheldrake

csheldrake@att.net +1(949) 939-6100

$ 750,000

Est. payment | -/mo

3,420 SqFt

Save

$ 750,000

Est. payment | -/mo

Save

3,420 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,420 sqft

Price per Sqft $219

MLS Listing ID 226126514

HOA Y/N No

Year Built 1968

Lot Size 0.260 Acres

Acres 0.26

Property Sub-Type Quadruplex

Source MLS Metrolist

Property Description

16 Regent Ln Chico, CA 95973 presents an exceptional opportunity for an investor or house-hacker to purchase a 4 unit multifamily asset just minutes from Chico State University. With three out of four units occupied producing $5,225/month, there is the opportunity for a Buyer to live in one unit while offsetting their mortgage with the other three units or an investor can rent the fourth unit bringing it to a total of four cash-flowing units producing over $7k/month. Three units are 2bed/1bath and one unit is 1bed/1bath. All four units conveniently feature central HVAC, fenced yards, common-area laundry, and assigned parking creating tenant convenience and demand. Many upgrades have been completed including new electrical panels/wiring, windows, siding, flooring, paint, etc. Upon leasing the fourth unit, the property will expect to bring in over $7k/mo+ gross rental income and over $61k annual NOI positioning this investment at an achievable proforma cap rate of over 8%+. Featuring a convenient location, many upgrades, and a proven attainable proforma income, this property offers undeniable potential and presents the opportunity to own a well-positioned cash-flowing asset for years to come. Reach out to request a copy of the scheduled/proforma breakdown of the financials.

Location

State CA

County Butte

Area 12550

Direction From CA-149 N, take exit 387B, turn left onto East Ave, turn right onto CA-32, turn right onto Regent Ln

Rooms

Other Rooms Unit-1 Type: Apartment Bedrooms: 1 Full Baths: 1 Occupancy: Tenant Rent: 1475 Unit-2 Type: Apartment Bedrooms: 2 Full Baths: 1 Occupancy: Tenant Rent: 1875 Unit-3 Type: Apartment Bedrooms: 2 Full Baths: 1 Occupancy: Tenant Rent: 1875 Unit-4 Type: Apartment Bedrooms: 2 Full Baths: 1 Occupancy: Vacant

Interior

Heating Central

Cooling Central

Flooring Luxury Vinyl Plank, Varies by Unit

Appliance Free Standing Refrigerator, Free Standing Electric Range

Laundry In Common Area

Exterior

Exterior Feature Fenced Yard

Parking Features Attached, Off Street, Carport, Covered, Varies by Unit

Utilities Available Other

Water Access Desc Shared Well

Total Parking Spaces 8

Building

Lot Description Landscape Back, Landscape Front

Foundation Raised

Sewer Septic System

Water Shared Well

Schools

Elementary Schools Chico Unified

Middle Schools Chico Unified

High Schools Chico Unified

School District Butte

Others

Senior Community No

Tax ID 042-060-062-000

Special Listing Condition None

Listed by eXp Realty of Northern California, Inc.

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 939-6100

csheldrake@att.net

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16 Regent LN Chico, CA 95973