$720,000
Redding, CA 96003
MLS# 24-4161
Status: Closed
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Property Description
Rare Opportunity to own a Class A 4-Plex! Situated in a prime location in Redding, this property is close to shopping, dining, the river trail, parks, highways, and the I-5 freeway. By Redding standards, it is considered a newer multi-family building. The property features like stucco construction, dual-pane windows, high-quality cabinets, tile floors & countertops, indoor full-size laundry, and attached 1-car garages. Each unit offers a townhouse-style layout with two spacious bedrooms and a full bathroom upstairs, along with an open kitchen concept & 1/2 bath downstairs. The property has been impeccably maintained inside and out, providing steady cash flow with significant potential for rent increases. Opportunities like this only come around a about once every decade—don't miss out!
Details
Maps
Address Information
Street Suffix: Way
Cross Street: Redwood Blvd.
Street Number: 608
Street Name: Marijean
State/Province: CA
Postal Code: 96003
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 779000
Parcel Number: 113-380-005-000
Lot Dim or Acres: 0.7 Acres
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 10-20 Years
Stories: 2
Current Price: $720,000
Area: 01 - NW Redding
Subdivision: N/A
Year Built: 2006
Remarks
Public Remarks: Rare Opportunity to own a Class A 4-Plex! Situated in a prime location in Redding, this property is close to shopping, dining, the river trail, parks, highways, and the I-5 freeway. By Redding standards, it is considered a newer multi-family building. The property features like stucco construction, dual-pane windows, high-quality cabinets, tile floors & countertops, indoor full-size laundry, and attached 1-car garages. Each unit offers a townhouse-style layout with two spacious bedrooms and a full bathroom upstairs, along with an open kitchen concept & 1/2 bath downstairs. The property has been impeccably maintained inside and out, providing steady cash flow with significant potential for rent increases. Opportunities like this only come around a about once every decade—don't miss out!
Directions: N Market Street. Left onto Northpoint Dr. Right onto Redwood Blvd. Left onto Marijean Way. Property is at the end of the cut-de-sac.
Contract Information
Listing Contract Date: 2024-09-26
Status: Closed
List Date: 2024-09-26
Sold Date: 2024-12-17
Under Contract Date: 2024-11-01
Sold Price: $720,000
Unit Type
Four Plex: 1
Exterior
Stucco: 1
Parking
Garage: 1
# Spaces Garage: 4
Off Street: 1
On Street: 1
Unit Description
2 Bedroom: 1
All Units Include
Air Conditioner: 1
Balcony/Deck: 1
Washer/Dryer Hookups: 1
Ownership
Seller: 1
Heating
Forced Air: 1
Cooling
Central: 1
Available Terms
1031 Required: 1
All Cash to Seller: 1
Cash to New Loan: 1
Possession
Arrange: 1
Selling Terms
Conventional: 1
Tenant Expenses
Cable: 1
Electric: 1
Existing Rntl Terms
Month to Month: 1
Unit 1
Unit #: A
# Bedrooms: 2
# Baths: 1.5
Rent: 945
Deposit: 1145
Parking: 1 Car Garage
Lease: MTM
Stories: 2
Unit 2
Unit #: B
# Bedrooms: 2
# Baths: 1.5
Rent: 1350
Deposit: 2025
Parking: 1 Car Garage
Lease: MTM
Stories: 2
Unit 3
Unit #: C
# Bedrooms: 2
# Baths: 1.5
Rent: 1295
Deposit: 1942
Parking: 1 Car Garage
Lease: MTM
Stories: 2
Unit 4
Unit #: D
# Bedrooms: 2
# Baths: 1.5
Rent: 1025
Deposit: 1215
Parking: 1 Car Garage
Lease: MTM
Stories: 2
Property Features
Unit Type: Four Plex
Exterior: Stucco
Parking: Off Street; On Street; Garage; Off Street; On Street
Unit Description: 2 Bedroom
All Units Include: Air Conditioner; Balcony/Deck; Washer/Dryer Hookups
Heating: Forced Air
Cooling: Central
Ownership: Seller
Tenant Expenses: Cable; Electric
Existing Rntl Terms: Month to Month
Available Terms: 1031 Required; All Cash to Seller; Cash to New Loan
Possession: Arrange
Selling Terms: Conventional
IDX
Listing Office: Realty 110, Inc.
Co Office Name: Realty 110, Inc.
Co Listing Agent: Kimberly Moore
Last Updated: December - 17 - 2024
Information deemed reliable but not guaranteed.