$534,000
Shasta Lake, CA 96019
MLS# 19-1380
Status: Closed
1 / 50
Property Description
Well cared-for and maintained 8 Unit apartment complex. Features 3 separate One Bedroom Cottages Plus a stand alone 5 plex and coin-op onsite laundry room onsite. Property has been professionally managed for years. Low maintenance, Low Landlord Expense, Fully Occupied & Producing Over $61,000 per year annually at a 7.80% Cap Rate. Don't let this rare opportunity pass you by call today!
Details
Maps
Address Information
Cross Street: Cascade Blvd
Street Number: 1812
Street Name: Parallel St
State/Province: CA
Postal Code: 96019
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 539000
Parcel Number: 007-260-035-000
Lot Dim or Acres: 14,992
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 30+
Stories: 1
Current Price: $534,000
Area: 31 - Shasta Lake City
Subdivision: N/A
Year Built: 1951
Remarks
Public Remarks: Well cared-for and maintained 8 Unit apartment complex. Features 3 separate One Bedroom Cottages Plus a stand alone 5 plex and coin-op onsite laundry room onsite. Property has been professionally managed for years. Low maintenance, Low Landlord Expense, Fully Occupied & Producing Over $61,000 per year annually at a 7.80% Cap Rate. Don't let this rare opportunity pass you by call today!
Directions: Take I5 North to Shasta Dam Blvd. Make a left onto Cascade, turn left onto Second St. Property is on the right.
Unit Type
5 or More: 1
Exterior
Stucco: 1
Wood: 1
Parking
Carport: 1
Off Street: 1
On Street: 1
Unit Description
1 Bedroom: 1
2 Bedroom: 1
Miscellaneous
Laundry in Complex: 1
Some Units Include
Air Conditioner: 1
Balcony/Deck: 1
Patio: 1
Refrigerator: 1
Storage: 1
Ownership
Owner RE Licensee: 1
Seller: 1
Heating
Forced Air: 1
Furnace Wall: 1
Cooling
Central: 1
Window: 1
Available Terms
All Cash to Seller: 1
Cash: 1
Expense Data Source
Estimate: 1
Possession
Close of Escrow: 1
Lease: 1
Selling Terms
Cash: 1
Existing Rntl Terms
Month to Month: 1
Lease: 1
Unit 1
Unit #: 1810 Parallel #1
# Bedrooms: 1
# Baths: 1
Rent: 824
Unit 2
Unit #: 1810 Parallel #3
# Bedrooms: 1
# Baths: 1
Rent: 558
Unit 3
Unit #: 1810 Parallel #4
# Bedrooms: 1
# Baths: 1
Rent: 628
Unit 4
Unit #: 1810 Parallel #5
# Bedrooms: 1
# Baths: 1
Rent: 600
Unit 5
Unit #: 1810 Parallel #6
# Bedrooms: 1
# Baths: 1
Rent: 715
Remarks: HUD
Unit 6
Unit #: 1812 Parallel
# Bedrooms: 1
# Baths: 1
Rent: 618
Unit 7
Unit #: 5328 2nd St
Bed: 1
Bath: 1
Rent: 600
Unit 8
Unit #: 5332 2nd St
Bed: 1
Bath: 1
Rent: 600
Remarks: HUD
Contract Information
Status: Closed
List Date: 2019-03-26
Sold Date: 2019-04-30
Under Contract Date: 2019-04-03
Sold Price: $534,000
Property Features
Unit Type: 5 or More
Exterior: Stucco; Wood
Parking: Off Street; On Street; Carport; Off Street; On Street
Unit Description: 1 Bedroom; 2 Bedroom
Some Units Include: Air Conditioner; Balcony/Deck; Patio; Refrigerator; Storage
Heating: Forced Air; Furnace Wall
Cooling: Central; Window
Miscellaneous: Laundry in Complex
Ownership: Owner RE Licensee; Seller
Existing Rntl Terms: Month to Month
Expense Data Source: Estimate
Available Terms: All Cash to Seller; Cash
Possession: Close of Escrow; Lease
Selling Terms: Cash
IDX
Listing Office: Realty 110, Inc.
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.