$925,000
Redding, CA 96001
MLS# 23-401
Status: Closed
1 / 32
Property Description
Now's your chance to own a unique multi-family property in the heart of downtown Redding. Located on the corner of Placer and Magnolia, this property includes 4 turn-key apartments with covered parking, and a charming 3 bed / 1 bath house. Live in the house and rent out the apartments, or rent everything out for maximum cashflow. Fully updated inside and out, including new windows and beautiful modern finishes. Take advantage of this well-performing, fully occupied property which yields $94,000+ per year. Available now at an attractive 6.2% cap rate.
Details
Maps
Address Information
Cross Street: Magnolia
Street Number: 2176
Street Name: Placer St
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 950000
Parcel Number: 105-340-009-000
Lot Dim or Acres: 9,148
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: Unknown
Stories: 1
Current Price: $925,000
Area: 01 - NW Redding
Subdivision: N/A
Year Built: 1936
Remarks
Public Remarks: Now's your chance to own a unique multi-family property in the heart of downtown Redding. Located on the corner of Placer and Magnolia, this property includes 4 turn-key apartments with covered parking, and a charming 3 bed / 1 bath house. Live in the house and rent out the apartments, or rent everything out for maximum cashflow. Fully updated inside and out, including new windows and beautiful modern finishes. Take advantage of this well-performing, fully occupied property which yields $94,000+ per year. Available now at an attractive 6.2% cap rate.
Directions: Corner of Placer and Magnolia.
Unit Type
5 or More: 1
Exterior
Stucco: 1
Other: 1
Parking
Carport: 1
Off Street: 1
On Street: 1
Unit Description
1 Bedroom: 1
2 Bedroom: 1
3 + Bedroom: 1
Some Units Include
Balcony/Deck: 1
Fireplace: 1
Patio: 1
Ownership
Seller: 1
Cooling
Evaporative: 1
Available Terms
All Cash to Seller: 1
Cash: 1
Cash to New Loan: 1
Possession
Arrange: 1
Selling Terms
Conventional: 1
Existing Rntl Terms
Lease: More
Unit 1
Unit #: House
# Bedrooms: 3
# Baths: 1
Rent: 1800
Unit 2
Unit #: 2179
# Bedrooms: 2
# Baths: 1
Rent: 2300
Unit 3
Unit #: 2168
# Bedrooms: 3
# Baths: 1
Rent: 1295
Unit 4
Unit #: 2166
# Bedrooms: 1
# Baths: 1
Rent: 950
Unit 5
Unit #: 2164
# Bedrooms: 1
# Baths: 1
Rent: 1500
Remarks: Utilities Included
Contract Information
Status: Closed
List Date: 2023-02-04
Sold Date: 2023-06-29
Under Contract Date: 2023-06-01
Sold Price: $925,000
Property Features
Unit Type: 5 or More
Exterior: Stucco; Other
Parking: Off Street; On Street; Carport; Off Street; On Street
Unit Description: 1 Bedroom; 2 Bedroom; 3 + Bedroom
Some Units Include: Balcony/Deck; Fireplace; Patio
Cooling: Evaporative
Ownership: Seller
Available Terms: All Cash to Seller; Cash; Cash to New Loan
Possession: Arrange
Selling Terms: Conventional
IDX
Listing Office: Venture Properties
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.