$965,000
Redding, CA 96003
MLS# 23-4120
Status: Closed
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Property Description
Great location near transportation and shopping. Professionally managed and fully occupied. Two buildings, each with 4 units plus covered parking for 8 vehicles. Laundry facility on site. 100% occupied with current rents totaling $84600 annually. Some recent upgrades.
Details
Maps
Address Information
Cross Street: Burton
Street Number: 1197
Street Name: Lancers Ln
State/Province: CA
Postal Code: 96003
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 1100000
Parcel Number: 071-340-018
Lot Dim or Acres: 0.36 acre
GP Zone: RED 10-20 u/a - 10-20 dwelling units per acre
Zoning: RED - RM - Multiple Family Districts
Year Built Desc: 20-30 Years
Stories: 2
Current Price: $965,000
Area: 02 - NE Redding
Subdivision: N/A
Year Built: 1989
Remarks
Public Remarks: Great location near transportation and shopping. Professionally managed and fully occupied. Two buildings, each with 4 units plus covered parking for 8 vehicles. Laundry facility on site.
100% occupied with current rents totaling $84600 annually.
Some recent upgrades.
Directions: Churn Creek to Lancers Ln. SW Corner of Lancers and Burton.
Unit Type
5 or More: 1
Complex: 1
Exterior
Stucco: 1
Parking
Assigned: 1
Carport: 1
# Spaces Carport: 8
On Street: 1
Unit Description
2 Bedroom: 1
Miscellaneous
Lawn Sprinklers: 1
Laundry in Complex: 1
Smoke Detectors: 1
All Units Include
Air Conditioner: 1
Balcony/Deck: 1
Cable: 1
Drapes: 1
Some Units Include
Refrigerator: 1
Ownership
Seller: 1
Heating
Forced Air: 1
Cooling
Central: 1
Available Terms
Cash: 1
Cash to New Loan: 1
Expense Data Source
Owner: 1
Possession
Close of Escrow: 1
Selling Terms
Cash: 1
Tenant Expenses
Cable: 1
Electric: 1
Gas: 1
Existing Rntl Terms
Month to Month: 1
Deposit $ Amount: 7925
Unit 1
Unit #: A
# Bedrooms: 2
# Baths: 2
Rent: 800
Deposit: 850
Unit 2
Unit #: B
# Bedrooms: 2
# Baths: 2
Rent: 800
Deposit: 850
Unit 3
Unit #: C
# Bedrooms: 2
# Baths: 2
Rent: 1075
Deposit: 1275
Unit 4
Unit #: D
# Bedrooms: 2
# Baths: 2
Rent: 850
Deposit: 1025
Unit 5
Unit #: E
# Bedrooms: 2
# Baths: 2
Rent: 850
Deposit: 1000
Unit 6
Unit #: F
# Bedrooms: 2
# Baths: 2
Rent: 800
Deposit: 850
Unit 7
Unit #: G
Bed: 2
Bath: 2
Rent: 1075
Deposit: 1275
Unit 8
Unit #: H
Bed: 2
Bath: 2
Rent: 800
Deposit: 800
Contract Information
Status: Closed
List Date: 2023-10-09
Sold Date: 2023-12-21
Under Contract Date: 2023-11-07
Sold Price: $965,000
Property Features
Unit Type: 5 or More; Complex
Exterior: Stucco
Parking: Assigned; Assigned; On Street; Carport; On Street
Unit Description: 2 Bedroom
All Units Include: Air Conditioner; Balcony/Deck; Cable; Drapes
Some Units Include: Refrigerator
Heating: Forced Air
Cooling: Central
Miscellaneous: Lawn Sprinklers; Laundry in Complex; Smoke Detectors
Ownership: Seller
Tenant Expenses: Cable; Electric; Gas
Existing Rntl Terms: Month to Month
Expense Data Source: Owner
Available Terms: Cash; Cash to New Loan
Possession: Close of Escrow
Selling Terms: Cash
IDX
Listing Office: Kirkland Real Estate Partners
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.