$738,500
Redding, CA 96001
MLS# 16-2425
Status: Closed
1 / 6
Property Description
Charming setting, 14 attractive unit mix of 2 cottages, 4-2 bdrms, 5-1 bdrms, and 3 studios, including on site laundry (2 washers and 2 dryers-owned) picnic area; and off-street parking with 21 spaces for tenants/guests-all situated in an established well kept neighborhood. Property has been well maintained. Cap rate is 7.5%. See additional information under private remarks.
Details
Maps
Address Information
Cross Street: Gold St.
Street Number: 2115-2135
Street Name: WALDON ST
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 788000
Parcel Number: 102-560-038-000
Lot Dim or Acres: 27,289
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 20-30 Years
Stories: 1
Current Price: $738,500
Area: 01 - NW Redding
Subdivision: N/A
Year Built: 1993
Remarks
Public Remarks: Charming setting, 14 attractive unit mix of 2 cottages, 4-2 bdrms, 5-1 bdrms, and 3 studios, including on site laundry (2 washers and 2 dryers-owned) picnic area; and off-street parking with 21 spaces for tenants/guests-all situated in an established well kept neighborhood. Property has been well maintained. Cap rate is 7.5%. See additional information under private remarks.
Directions: From I5 N to Cypress
L on E Cypress
R on Pine Street
L on Lincoln
R on California
1rst L onto Gold
1rst L onto Waldon St.
Unit Type
5 or More: 1
Sub Zoning
Conforming: 1
Exterior
Stucco: 1
Wood: 1
Other: 1
Parking
Off Street: 1
Unit Description
1 Bedroom: 1
2 Bedroom: 1
Studio: 1
Miscellaneous
Lawn Sprinklers: 1
Laundry in Complex: 1
Smoke Detectors: 1
All Units Include
Air Conditioner: 1
Cable: 1
Patio: 1
Refrigerator: 1
Some Units Include
Patio: 1
Ownership
Seller: 1
Heating
Forced Air: 1
Furnace Wall: 1
Gas: Natural
Cooling
Central: 1
Evaporative: 1
Window: 1
Available Terms
1031 Required: 1
All Cash to Seller: 1
Cash: 1
Possession
Close of Escrow: 1
Photo
On File: 1
Agent Upload: 1
Selling Terms
Conventional: 1
Owner Expenses
Account: 1
Advertisement: 1
Electric: 1
Gas: 1
Insurance: 1
Bldg/Grnds Mnt: 1
Cable: 1
Water: 1
Garbage: 1
Management: 1
Sewer: 1
Real Estate Tax: 1
Vacancy: 1
Financial Info
Gross Income $: 91810
Net Income $: 59193
Cap Rate: 7.5
Tenant Expenses
Cable: 1
Electric: 1
Gas: 1
Existing Rntl Terms
Month to Month: 1
Deposit Held: 1
Documents
Lead Based Paint: 1
Unit 1
Unit #: 4
# Bedrooms: 2
# Baths: 1
Rent: 595
Unit 2
Unit #: 5
# Bedrooms: 1
# Baths: 1
Rent: 525
Unit 3
Unit #: 3
# Bedrooms: 1
# Baths: 1
Rent: 515
Remarks: studios
Unit 4
Unit #: 2
# Bedrooms: 1
Rent: 600
Remarks: cottages
Contract Information
Status: Closed
List Date: 2016-05-14
Sold Date: 2016-11-04
Under Contract Date: 2016-10-01
Sold Price: $738,500
Property Features
Unit Type: 5 or More
Sub Zoning: Conforming
Exterior: Stucco; Wood; Other
Parking: Off Street; Off Street
Unit Description: 1 Bedroom; 2 Bedroom; Studio
All Units Include: Air Conditioner; Cable; Patio; Refrigerator
Some Units Include: Patio
Heating: Forced Air; Furnace Wall
Cooling: Central; Evaporative; Window
Miscellaneous: Lawn Sprinklers; Laundry in Complex; Smoke Detectors
Ownership: Seller
Owner Expenses: Account; Advertisement; Bldg/Grnds Mnt; Cable; Electric; Garbage; Gas; Insurance; Management; Real Estate Tax; Sewer; Vacancy; Water
Tenant Expenses: Cable; Electric; Gas
Existing Rntl Terms: Month to Month; Deposit Held
Available Terms: 1031 Required; All Cash to Seller; Cash
Possession: Close of Escrow
Photo: On File; Agent Upload
Selling Terms: Conventional
Documents: Lead Based Paint
IDX
Listing Office: REDDING COMMERCIAL INVESTMENTS
Last Updated: August - 30 - 2024
Information deemed reliable but not guaranteed.