$750,000
Redding, CA 96001
MLS# 24-1588
Status: Closed
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Property Description
Calling all savvy investors! Nearly $80,000 in gross annual income providing 7.46% CAP Rate! This charming 7-unit apartment building offers Six 1+1 units and One 2+1 unit providing the perfect blend of convenience and profitability. Nestled downtown, you'll be steps away from award-winning schools, bustling shops, and the scenic Sacramento River Trail. The best part? This well-maintained property boasts excellent upside potential - minimal investment needed to start reaping the rewards of a vibrant downtown location! Don't miss this rare opportunity to own a piece of the action in a thriving community.
Details
Maps
Address Information
Cross Street: Mary St.
Street Number: 1969
Street Name: 8th St
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 780000
Parcel Number: 103-130-044-000
Lot Dim or Acres: 12,197
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 30+
Stories: 2
Current Price: $750,000
Area: 01 - NW Redding
Subdivision: N/A
Year Built: 1980
Remarks
Public Remarks: Calling all savvy investors! Nearly $80,000 in gross annual income providing 7.46% CAP Rate! This charming 7-unit apartment building offers Six 1+1 units and One 2+1 unit providing the perfect blend of convenience and profitability. Nestled downtown, you'll be steps away from award-winning schools, bustling shops, and the scenic Sacramento River Trail. The best part? This well-maintained property boasts excellent upside potential - minimal investment needed to start reaping the rewards of a vibrant downtown location! Don't miss this rare opportunity to own a piece of the action in a thriving community.
Directions: Eureka Way to right onto West St., Left onto 8th St., property is on the right
Contract Information
Listing Contract Date: 2024-04-16
Status: Closed
List Date: 2024-04-16
Sold Date: 2024-12-26
Under Contract Date: 2024-11-06
Sold Price: $750,000
Unit Type
5 or More: 1
Parking
Off Street: 1
On Street: 1
Unit Description
1 Bedroom: 1
2 Bedroom: 1
Available Terms
All Cash to Seller: 1
Cash to New Loan: 1
Selling Terms
New Loan: 1
Unit 1
Unit #: 1
# Bedrooms: 1
# Baths: 1
Rent: 962
Unit 2
Unit #: 2
# Bedrooms: 1
# Baths: 1
Rent: 747
Unit 3
Unit #: 3
# Bedrooms: 1
# Baths: 1
Rent: 978
Unit 4
Unit #: 4
# Bedrooms: 1
# Baths: 1
Rent: 975
Unit 5
Unit #: 5
# Bedrooms: 1
# Baths: 1
Rent: 978
Unit 6
Unit #: 6
# Bedrooms: 1
# Baths: 1
Rent: 734
Unit 7
Unit #: 7
Bed: 2
Bath: 1.5
Rent: 1174
Property Features
Unit Type: 5 or More
Parking: Off Street; On Street; Off Street; On Street
Unit Description: 1 Bedroom; 2 Bedroom
Available Terms: All Cash to Seller; Cash to New Loan
Selling Terms: New Loan
IDX
Listing Office: Realty 110, Inc.
Co Office Name: Realty 110, Inc.
Co Listing Agent: Kimberly Moore
Last Updated: December - 26 - 2024
Information deemed reliable but not guaranteed.