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Angel Ochoa

angelochoarealtor@gmail.com +1(916) 620-3540

$ 785,000

Est. payment | -/mo

3,420 SqFt

Save

$ 785,000

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 $229

MLS Listing ID 226115760

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 Lane presents an exceptional investment opportunity to purchase a 4 unit multifamily asset just minutes from Chico State University. With one unit bringing in $1,875/mo and three units vacant, there is the opportunity for a Buyer to live in one unit while offsetting their mortgage with the other three units rented by tenants of their choice or an investor can choose their own tenants to total four cash-flowing units. 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 renting all four units, the property will expect to bring in upwards of $7k/mo+ with an achievable proforma cap rate of 7.5%+. 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.

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: Vacant Unit-2 Type: Apartment Bedrooms: 2 Full Baths: 1 Occupancy: Tenant Rent: 1840 Unit-3 Type: Apartment Bedrooms: 2 Full Baths: 1 Occupancy: Vacant 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.

I’ll go beyond the basics, understand what you need, and find a solution that works for your situation. Every buyer is different, and I’ll treat it that way.

+1(916) 620-3540

angelochoarealtor@gmail.com

3812 May St., Sacramento, California 95838, USA

16 Regent LN Chico, CA 95973

Angel Ochoa

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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16 Regent LN