$2,400,000
Redding, CA 96003
MLS# 21-2901
Status: Closed
1 / 51
Property Description
Now is your rare chance to own a ''turn-key'' 18 Unit Investment Property Located in one of Redding's few 'Opportunity Zones'. True Pride of Ownership has gone into a complete renovation of 16 of the 18 units, Fresh Paint, Carpet, Tile Floors, Remodeled Kitchen with Upgraded Cabinets & Appliances. Each Unit has a ''townhouse'' layout with 2 large bedrooms + 1.5 bathrooms, private fenced yard, assigned covered parking & onsite coin-op laundry room. The Exterior has NEW Roofs, Upgraded Siding, Professional Landscaping with Upgraded Drainage Lines, New Concrete Driveway, Custom Awnings & All New Exterior Paint. At over $182,000 in Gross Annual Income this is a Great Property for the investor looking for Positive Cash Flow with excellent Upside Potential.
Details
Maps
Address Information
Cross Street: Lake Blvd
Street Number: 4296
Street Name: Clay St
State/Province: CA
Postal Code: 96003
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 2599000
Parcel Number: 113-240-004-000
Lot Dim or Acres: 39,159
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 30+
Stories: 1
Current Price: $2,400,000
Area: 01 - NW Redding
Subdivision: N/A
Year Built: 1983
Remarks
Public Remarks: Now is your rare chance to own a ''turn-key'' 18 Unit Investment Property Located in one of Redding's few 'Opportunity Zones'. True Pride of Ownership has gone into a complete renovation of 16 of the 18 units, Fresh Paint, Carpet, Tile Floors, Remodeled Kitchen with Upgraded Cabinets & Appliances. Each Unit has a ''townhouse'' layout with 2 large bedrooms + 1.5 bathrooms, private fenced yard, assigned covered parking & onsite coin-op laundry room. The Exterior has NEW Roofs, Upgraded Siding, Professional Landscaping with Upgraded Drainage Lines, New Concrete Driveway, Custom Awnings & All New Exterior Paint. At over $182,000 in Gross Annual Income this is a Great Property for the investor looking for Positive Cash Flow with excellent Upside Potential.
Directions: East on Lake Blvd turn right on Clay
Unit Type
5 or More: 1
Parking
Assigned: 1
Off Street: 1
Unit Description
2 Bedroom: 1
Miscellaneous
Laundry in Complex: 1
All Units Include
Air Conditioner: 1
Cable: 1
Patio: 1
Ownership
Seller: 1
Cooling
Central: 1
Available Terms
1031 Required: 1
All Cash to Seller: 1
Cash to New Loan: 1
Possession
Close of Escrow: 1
Photo
Agent Upload: 1
Selling Terms
Conventional: 1
Owner Expenses
Water: 1
Garbage: 1
Management: 1
Tenant Expenses
Cable: 1
Electric: 1
Contract Information
Status: Closed
List Date: 2021-06-21
Sold Date: 2021-10-07
Under Contract Date: 2021-08-18
Sold Price: $2,400,000
Property Features
Unit Type: 5 or More
Parking: Assigned; Assigned; Off Street; Off Street
Unit Description: 2 Bedroom
All Units Include: Air Conditioner; Cable; Patio
Cooling: Central
Miscellaneous: Laundry in Complex
Ownership: Seller
Owner Expenses: Garbage; Management; Water
Tenant Expenses: Cable; Electric
Available Terms: 1031 Required; All Cash to Seller; Cash to New Loan
Possession: Close of Escrow
Photo: Agent Upload
Selling Terms: Conventional
IDX
Listing Office: Realty 110, Inc.
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.