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8 Lorayne Court, Chico, CA 95926
$599,000
8 Lorayne Court, Chico, CA 95926View this property at 8 Lorayne Court, Chico, CA 95926
8 Lorayne CourtChicoCA95926
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Property Description
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.
Full Property Details
Full Property Details for 8 Lorayne Ct
General
- Sold For: $599,000
- Status: Closed
- Type: Multi-Family
- MLS ID: SN23146463
- Added to Site: 285 day(s) ago
Interior
- Rooms/Areas: Kitchen, Living Room
- Fireplace(s): None
- Appliances: Dishwasher, Refrigerator
- Flooring: Carpet
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Parking Features: On-Site, Street
- Parking: On-Site, Street
Location
- County: Butte
- Driving Directions: W. 4th Avenue to Lorayne. Located on corner of Lorayne and W. 4th Ave
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Foundation: Slab
- Roof: Composition
- Entry Location: Front
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 3,712
- Year Built: 1980
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Property View: None
- Lot Size (Acres): 0.22
- Lot Size Source: Assessor
- Zoning: R3
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $161.37
- Price Per Unit: 149750
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
Listed by NextHome North Valley Realty, Casey Smyth
Sold by Nonmember Mrml, General NONMEMBER
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Schools
Schools serving 8 Lorayne Ct
School District:Chico Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1350 Citrus Ave, Chico, CA 95926 | PK-8 | 0.3 mi | |
280 Memorial Way, Chico, CA 95926 | 6-8 | 1 mi | |
901 Esplanade, Chico, CA 95926 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8 Lorayne Ct
Date
Details
Price
Change
Source
11/03/2023
Sold
$599,000
—
MLS
8/10/2023
Listed
$599,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8 Lorayne Court, Chico, CA 95926 (MLS# SN23146463) is a Multi-Family property that was sold at $599,000 on November 03, 2023. Want to learn more about 8 Lorayne Court? Do you have questions about finding other Multi-Family real estate for sale in Chico? You can browse all Chico real estate or contact a Coldwell Banker agent to request more information.