$1,995,000
Redding, CA 96001
MLS# 17-6323
Status: Closed
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Property Description
34 Well maintained Units, fully occupied, low vacancy. Stucco Construction with Newer Roofs, Well Kept Grounds, OnSite Coin-Op Laundry. Updated interiors: New Paint, Tile or Laminate Flooring & Nice Appliances. Rarely in our market, do we see a property with such an attractive ROI that’s also in this good condition. Limited time Opportunity, Take Advantage!!! Gross Income $261,000+ at 9.35% CAP!
Details
Maps
Address Information
Cross Street: Parkview
Street Number: 2727
Street Name: Lanning Ave
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 1995000
Parcel Number: 104-250-036-000
Lot Dim or Acres: 11,137
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 20-30 Years
Stories: 1
Current Price: $1,995,000
Area: 04 - SW Redding
Subdivision: N/A
Year Built: 1995
Remarks
Public Remarks: 34 Well maintained Units, fully occupied, low vacancy. Stucco Construction with Newer Roofs, Well Kept Grounds, OnSite Coin-Op Laundry. Updated interiors: New Paint, Tile or Laminate Flooring & Nice Appliances. Rarely in our market, do we see a property with such an attractive ROI that’s also in this good condition. Limited time Opportunity, Take Advantage!!! Gross Income $261,000+ at 9.35% CAP!
Directions: Take Highway 44 to Park Marina. Take a left onto Parkview. Make a left onto Lanning Ave. Property is on the left
Unit Type
5 or More: 1
Parking
Assigned: 1
Off Street: 1
On Street: 1
Unit Description
1 Bedroom: 1
2 Bedroom: 1
Studio: 1
All Units Include
Air Conditioner: 1
Refrigerator: 1
Ownership
Owner RE Licensee: 1
Heating
Furnace Wall: 1
Available Terms
1031 Required: 1
Selling Terms
Conventional: 1
Contract Information
Status: Closed
List Date: 2017-12-27
Sold Date: 2018-07-23
Under Contract Date: 2018-04-03
Sold Price: $1,995,000
Property Features
Unit Type: 5 or More
Parking: Assigned; Assigned; Off Street; On Street; Off Street; On Street
Unit Description: 1 Bedroom; 2 Bedroom; Studio
All Units Include: Air Conditioner; Refrigerator
Heating: Furnace Wall
Ownership: Owner RE Licensee
Available Terms: 1031 Required
Selling Terms: Conventional
IDX
Listing Office: DROZ CORPORATION
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.