$895,000
Redding, CA 96002
MLS# 24-4165
Status: Closed
1 / 20
Property Description
A rare & exceptional opportunity awaits the investor seeking the ''Gold Standard'' of multi-family properties in Redding! Nestled seamlessly within a newer neighborhood which features wide sidewalks, lush greenbelts, & a neighborhood park. Each unit is generously sized with vaulted ceilings, an open-concept kitchen, dining, living room, & a half-bath on the ground floor. All units feature their own Two-Car attached garages. (3) of the units exceed 1,000 sqft, offering Two large bedrooms, each with private bathrooms, spacious closets, & ample storage. The end unit spans 1,300 square feet, featuring 3 bedrooms one with a private bath, & the other two sharing a jack-and-jill bathroom. All units are fully occupied, with excellent potential for increased rental income.
Details
Maps
Address Information
Street Suffix: Lane
Cross Street: Lofty Oak Dr
Street Number: 1246
Street Name: Mighty Oak
State/Province: CA
Postal Code: 96002
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 975000
Parcel Number: 068-730-030-000
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 10-20 Years
Stories: 2
Current Price: $895,000
Area: 03 - SE Redding
Subdivision: N/A
Year Built: 2006
Remarks
Public Remarks: A rare & exceptional opportunity awaits the investor seeking the ''Gold Standard'' of multi-family properties in Redding! Nestled seamlessly within a newer neighborhood which features wide sidewalks, lush greenbelts, & a neighborhood park. Each unit is generously sized with vaulted ceilings, an open-concept kitchen, dining, living room, & a half-bath on the ground floor. All units feature their own Two-Car attached garages. (3) of the units exceed 1,000 sqft, offering Two large bedrooms, each with private bathrooms, spacious closets, & ample storage. The end unit spans 1,300 square feet, featuring 3 bedrooms one with a private bath, & the other two sharing a jack-and-jill bathroom. All units are fully occupied, with excellent potential for increased rental income.
Directions: I5 South to South Bonnyview/Churn Creek Exit. Left onto S. Bonnyview which turns into Churn Creek Rd. Left onto Alrose Lane which turns into Lofty Oak Dr. Left onto Mighty Oak. Property is on the right
Contract Information
Listing Contract Date: 2024-09-26
Status: Closed
List Date: 2024-09-26
Sold Date: 2024-11-15
Under Contract Date: 2024-10-26
Sold Price: $895,000
Unit Type
Four Plex: 1
Exterior
Stucco: 1
Parking
Garage: 1
# Spaces Garage: 2
On Street: 1
Unit Description
2 Bedroom: 1
3 + Bedroom: 1
All Units Include
Air Conditioner: 1
Patio: 1
Washer/Dryer Hookups: 1
Some Units Include
Refrigerator: 1
Ownership
Seller: 1
Heating
Forced Air: 1
Cooling
Central: 1
Available Terms
1031 Required: 1
All Cash to Seller: 1
Cash to New Loan: 1
Selling Terms
Cash: 1
Owner Expenses
Water: 1
Garbage: 1
Tenant Expenses
Cable: 1
Electric: 1
Gas: 1
Existing Rntl Terms
Month to Month: 1
Lease: 2
Deposit Held: 1
Unit 1
Unit #: A
# Bedrooms: 3
# Baths: 2.5
Rent: 1500
Deposit: 1750
Parking: Attached 2Car Garage
Lease: 11/30/2024
Furnished: Range/Dishwasher
Stories: 2
Remarks: Washer/Dryer Hook-Up
Unit 2
Unit #: B
# Bedrooms: 2
# Baths: 2.5
Rent: 1325
Deposit: 1980
Parking: Attached 2Car Garage
Lease: 10/31/24
Furnished: Range/Dishwash/Fridg
Stories: 2
Remarks: Washer/Dryer Hook-Up
Unit 3
Unit #: C
# Bedrooms: 2
# Baths: 2.5
Rent: 1290
Deposit: 1495
Parking: Attached 2Car Garage
Lease: MTM
Furnished: Range/Dishwash/Fridg
Stories: 2
Remarks: Washer/Dryer Hook-Up
Unit 4
Unit #: D
# Bedrooms: 2
# Baths: 2.5
Rent: 1394
Deposit: 2090
Parking: Attached 2Car Garage
Lease: MTM
Furnished: Range, Dishwasher
Stories: 2
Remarks: Washer/Dryer Hook-Up
Property Features
Unit Type: Four Plex
Exterior: Stucco
Parking: On Street; Garage; On Street
Unit Description: 2 Bedroom; 3 + Bedroom
All Units Include: Air Conditioner; Patio; Washer/Dryer Hookups
Some Units Include: Refrigerator
Heating: Forced Air
Cooling: Central
Ownership: Seller
Owner Expenses: Garbage; Water
Tenant Expenses: Cable; Electric; Gas
Existing Rntl Terms: Month to Month; Deposit Held
Available Terms: 1031 Required; All Cash to Seller; Cash to New Loan
Selling Terms: Cash
IDX
Listing Office: Realty 110, Inc.
Co Office Name: Realty 110, Inc.
Co Listing Agent: Kimberly Moore
Last Updated: November - 15 - 2024
Information deemed reliable but not guaranteed.