$6,500,000
Redding, CA 96003
MLS# 20-4914
Status: Closed
1 / 1
Property Description
This offering consists of 6 individual multiplexes totaling 31 units located within an opportunity zone. Profitable cash flow with upside potential on rents. Details will be provided upon providing preapproval and confidentiality agreement.
Details
Maps
Address Information
Cross Street: Various
Street Number: 0000
Street Name: Confidential
State/Province: CA
Postal Code: 96003
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 6500000
Parcel Number: Various
Lot Dim or Acres: Varies
GP Zone: NOT AVAILABLE
Zoning: RED - RM - Multiple Family Districts
Year Built Desc: Unknown
Stories: 2
Current Price: $6,500,000
Area: 01 - NW Redding
Subdivision: N/A
Remarks
Public Remarks: This offering consists of 6 individual multiplexes totaling 31 units located within an opportunity zone. Profitable cash flow with upside potential on rents. Details will be provided upon providing preapproval and confidentiality agreement.
Directions: Redding, CA
Unit Type
5 or More: 1
Complex: 1
Sub Zoning
Conforming: 1
Exterior
Other: 1
Parking
Assigned: 1
Carport: 1
Off Street: 1
On Street: 1
Unit Description
1 Bedroom: 1
2 Bedroom: 1
3 + Bedroom: 1
Studio: 1
Some Units Include
Air Conditioner: 1
Balcony/Deck: 1
Cable: 1
Patio: 1
Ownership
Seller: 1
Available Terms
1031 Required: 1
All Cash to Seller: 1
Cash: 1
Cash to New Loan: 1
Expense Data Source
Owner: 1
Possession
Arrange: 1
Selling Terms
Cash: 1
Owner Expenses
Insurance: 1
Bldg/Grnds Mnt: 1
Garbage: 1
Real Estate Tax: 1
Financial Info
Complete Package: Yes
Cap Rate: 6.63
Tenant Expenses
Cable: 1
Electric: 1
Water: 1
Existing Rntl Terms
Month to Month: 1
Lease: 1
Deposit Held: 1
Contract Information
Status: Closed
List Date: 2020-10-07
Sold Date: 2021-02-24
Under Contract Date: 2020-11-11
Sold Price: $6,500,000
Property Features
Unit Type: 5 or More; Complex
Sub Zoning: Conforming
Exterior: Other
Parking: Assigned; Assigned; Off Street; On Street; Carport; Off Street; On Street
Unit Description: 1 Bedroom; 2 Bedroom; 3 + Bedroom; Studio
Some Units Include: Air Conditioner; Balcony/Deck; Cable; Patio
Ownership: Seller
Owner Expenses: Bldg/Grnds Mnt; Garbage; Insurance; Real Estate Tax
Tenant Expenses: Cable; Electric; Water
Existing Rntl Terms: Month to Month; Deposit Held
Expense Data Source: Owner
Available Terms: 1031 Required; All Cash to Seller; Cash; Cash to New Loan
Possession: Arrange
Selling Terms: Cash
IDX
Listing Office: eXp Realty of California, Inc.
Co Office Name: eXp Realty of California, Inc.
Co Listing Agent: Ginne Mistal
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.