$900,000
Shasta Lake, CA 96019
MLS# 21-199
Status: Closed
1 / 29
Property Description
Very well maintained 9 Unit Apartment Building shows true pride in ownership. The building is made up of 5 two-bedroom, one-bath units, and 4 one-bedroom, one-bath units, plus an on-site coin-op laundry room. Each unit has central HVAC, refrigerator, range/stove, and disposals. Roof is only about 8 years old, all new water heaters & toilets in 2015, new rain gutters in 2014, new HVAC unit in D, and new flooring in units A, C, D, G, & I. Most of the landscaping is low maintenance deco rock, the parking was improved with better rain drainage and all the lighting was upgraded to high efficiency LED. The Gross annual income is over $75,000 and produces a CAP Rate of 6.13%. *Please do not disturb the tenants. Call Agent for more info.
Details
Maps
Address Information
Cross Street: Meade St.
Street Number: 1660
Street Name: Deer Creek Rd
State/Province: CA
Postal Code: 96019
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 925000
Parcel Number: 007-010-070-000
Lot Dim or Acres: 20,204
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 30+
Stories: 2
Current Price: $900,000
Area: 31 - Shasta Lake City
Subdivision: N/A
Year Built: 1987
Remarks
Public Remarks: Very well maintained 9 Unit Apartment Building shows true pride in ownership. The building is made up of 5 two-bedroom, one-bath units, and 4 one-bedroom, one-bath units, plus an on-site coin-op laundry room. Each unit has central HVAC, refrigerator, range/stove, and disposals. Roof is only about 8 years old, all new water heaters & toilets in 2015, new rain gutters in 2014, new HVAC unit in D, and new flooring in units A, C, D, G, & I. Most of the landscaping is low maintenance deco rock, the parking was improved with better rain drainage and all the lighting was upgraded to high efficiency LED. The Gross annual income is over $75,000 and produces a CAP Rate of 6.13%. *Please do not disturb the tenants. Call Agent for more info.
Directions: Head south on Market St. Turn left and merge on CA-44 E. Merge onto I-5 N. Take exit 685 and continue onto CA-151. Turn left onto Deer creek Rd and destination is on the right.
Unit Type
5 or More: 1
Parking
Off Street: 1
Unit Description
1 Bedroom: 1
2 Bedroom: 1
All Units Include
Air Conditioner: 1
Refrigerator: 1
Ownership
Seller: 1
Heating
Forced Air: 1
Cooling
Central: 1
Possession
Close of Escrow: 1
Photo
Agent Upload: 1
Selling Terms
Cash: 1
Existing Rntl Terms
Month to Month: 1
Contract Information
Status: Closed
List Date: 2021-01-17
Sold Date: 2021-02-22
Under Contract Date: 2021-01-22
Sold Price: $900,000
Property Features
Unit Type: 5 or More
Parking: Off Street; Off Street
Unit Description: 1 Bedroom; 2 Bedroom
All Units Include: Air Conditioner; Refrigerator
Heating: Forced Air
Cooling: Central
Ownership: Seller
Existing Rntl Terms: Month to Month
Possession: Close of Escrow
Photo: Agent Upload
Selling Terms: Cash
IDX
Listing Office: Realty 110, Inc.
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.