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.
Sold for $599,000 on 11/03/23
Listing Provided by:
Casey Smyth DRE #01941937 530-402-4411,
NextHome North Valley Realty
Bought with: NONMEMBER MRML
$599,000
8 Lorayne Ct, Chico, CA 95926
8beds
4baths
3,712sqft
Quadruplex
Built in 1980
-- sqft lot
$649,000 Zestimate®
$161/sqft
$1,900 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 03, 2023 at 05:19pm
Listing Provided by:
Casey Smyth DRE #01941937 530-402-4411,
NextHome North Valley Realty
Bought with:
General NONMEMBER, DRE #02032437
NONMEMBER MRML
Source: CRMLS,MLS#: SN23146463
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Refrigerator
- Laundry: Common Area
Features
- Flooring: Carpet
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 3,712
- Total interior livable area: 3,712 sqft
Property
Parking
- Parking features: On Site, On Street
Features
- Levels: Two
- Stories: 2
- Entry location: Front
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: None
Lot
- Size: 9,583 sqft
- Features: 0-1 Unit/Acre
Details
- Parcel number: 043131024000
- Zoning: R3
- Special conditions: Trust
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1980
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Curbs, Storm Drain(s), Street Lights, Sidewalks
Location
- Region: Chico
Other
Other facts
- Listing terms: Submit