$679,000
Redding, CA 96002
MLS# 23-1489
Status: Closed
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Property Description
FULLY REMODELED FOURPLEX! Located in central Redding close to the new Costco, new stores and restaurants, schools, parks, and more! The Building Features ALL NEW plumbing & fixtures, shower & bath enclosures, new kitchen's with new cabinets & granite countertops, & new appliance, new Luxury Plank flooring, new bathroom vanities with granite countertops, New electrical sub panels, all new LED can lights and ceiling fans, all NEW HVAC units and new ducting throughout, all new interior & exterior doors, the garages were drywalled inside to provide privacy & new roll up garage doors were installed, new gutters and downspouts, new painted inside & out. Over $64,800 in Gross Annual Income with very attractive nearly a 7% Cap Rate of Return. Don't miss this opportunity!
Details
Maps
Address Information
Cross Street: Adams Ln
Street Number: 835
Street Name: Camino Ct
State/Province: CA
Postal Code: 96002
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 679000
Parcel Number: 068-130-005-000
Lot Dim or Acres: 9,058
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 30+
Stories: 1
Current Price: $679,000
Area: 03 - SE Redding
Subdivision: N/A
Year Built: 1975
Remarks
Public Remarks: FULLY REMODELED FOURPLEX! Located in central Redding close to the new Costco, new stores and restaurants, schools, parks, and more! The Building Features ALL NEW plumbing & fixtures, shower & bath enclosures, new kitchen's with new cabinets & granite countertops, & new appliance, new Luxury Plank flooring, new bathroom vanities with granite countertops, New electrical sub panels, all new LED can lights and ceiling fans, all NEW HVAC units and new ducting throughout, all new interior & exterior doors, the garages were drywalled inside to provide privacy & new roll up garage doors were installed, new gutters and downspouts, new painted inside & out. Over $64,800 in Gross Annual Income with very attractive nearly a 7% Cap Rate of Return. Don't miss this opportunity!
Directions: Adam's Lane to Camino Ct. Turn Rt.
Unit Type
Four Plex: 1
Exterior
Wood: 1
Parking
# Spaces Garage: 4
Off Street: 1
On Street: 1
Unit Description
2 Bedroom: 1
All Units Include
Air Conditioner: 1
Cable: 1
Storage: 1
Washer/Dryer Hookups: 1
Some Units Include
Washer/Dryer: 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
Close of Escrow: 1
Photo
Agent Upload: 1
Selling Terms
Conventional: 1
Owner Expenses
Water: 1
Garbage: 1
Sewer: 1
Tenant Expenses
Cable: 1
Electric: 1
Gas: 1
Existing Rntl Terms
Month to Month: 1
Lease: 1
Unit 1
Unit #: 9
# Bedrooms: 2
# Baths: 1
Rent: 1295
Unit 2
Unit #: 10
# Bedrooms: 2
# Baths: 1
Rent: 1390
Unit 3
Unit #: 11
# Bedrooms: 2
# Baths: 1
Rent: 1295
Unit 4
Unit #: 12
# Bedrooms: 2
# Baths: 1
Rent: 1295
Contract Information
Status: Closed
List Date: 2023-04-26
Sold Date: 2023-06-14
Under Contract Date: 2023-05-11
Sold Price: $679,000
Property Features
Unit Type: Four Plex
Exterior: Wood
Parking: Off Street; On Street; Off Street; On Street
Unit Description: 2 Bedroom
All Units Include: Air Conditioner; Cable; Storage; Washer/Dryer Hookups
Some Units Include: Washer/Dryer
Heating: Forced Air
Cooling: Central
Ownership: Seller
Owner Expenses: Garbage; Sewer; Water
Tenant Expenses: Cable; Electric; Gas
Existing Rntl Terms: Month to Month
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.