$633,250
Redding, CA 96001
MLS# 24-743
Status: Closed
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Property Description
Located on the edge of the incredible revitalization happening in Downtown Redding, this income-producing four-plex offers a fantastic investment opportunity. New roof and paint, and Unit 1 interior remodel just completed. Each spacious unit (966 sq ft) has been upgraded with 2 bedrooms, jack-and-jill bathroom, private patio, dedicated parking, and storage. A dedicated coin-op laundry provides additional income. Landscaping has been updated to conserve water & reduce maintenance. This is a 2 minute drive (11 minute walk) to Diestelhorst Bridge & the River Trail. Units are currently fully occupied, making this completely turn-key, or could be remodeled further to raise rents substantially. Don't miss out on this opportunity to own a valuable piece of real estate in a prime location!
Details
Maps
Address Information
Cross Street: 9th
Street Number: 944
Street Name: West St
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 649000
Parcel Number: 103-050-037-000
Lot Dim or Acres: 10,454
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 30+
Stories: 2
Current Price: $633,250
Area: 01 - NW Redding
Subdivision: N/A
Year Built: 1973
Remarks
Public Remarks: Located on the edge of the incredible revitalization happening in Downtown Redding, this income-producing four-plex offers a fantastic investment opportunity. New roof and paint, and Unit 1 interior remodel just completed. Each spacious unit (966 sq ft) has been upgraded with 2 bedrooms, jack-and-jill bathroom, private patio, dedicated parking, and storage. A dedicated coin-op laundry provides additional income. Landscaping has been updated to conserve water & reduce maintenance. This is a 2 minute drive (11 minute walk) to Diestelhorst Bridge & the River Trail. Units are currently fully occupied, making this completely turn-key, or could be remodeled further to raise rents substantially. Don't miss out on this opportunity to own a valuable piece of real estate in a prime location!
Directions: Eureka Way turn north on West Street.
Contract Information
Listing Contract Date: 2024-02-22
Status: Closed
List Date: 2024-02-22
Sold Date: 2024-07-31
Under Contract Date: 2024-06-25
Sold Price: $633,250
Unit Type
Four Plex: 1
Exterior
Stucco: 1
Parking
Assigned: 1
Off Street: 1
On Street: 1
Unit Description
2 Bedroom: 1
All Units Include
Air Conditioner: 1
Balcony/Deck: 1
Ownership
Seller: 1
Cooling
Central: 1
Available Terms
All Cash to Seller: 1
Cash: 1
Cash to New Loan: 1
Possession
Close of Escrow: 1
Selling Terms
Conventional: 1
Unit 1
Unit #: 1
# Bedrooms: 2
# Baths: 1
Rent: 1250
SqFt: 966
Unit 2
Unit #: 2
# Bedrooms: 2
# Baths: 1
Rent: 1037
SqFt: 966
Unit 3
Unit #: 3
# Bedrooms: 2
# Baths: 1
Rent: 1100
SqFt: 966
Unit 4
Unit #: 4
# Bedrooms: 2
# Baths: 1
Rent: 825
SqFt: 966
Property Features
Unit Type: Four Plex
Exterior: Stucco
Parking: Assigned; Assigned; Off Street; On Street; Off Street; On Street
Unit Description: 2 Bedroom
All Units Include: Air Conditioner; Balcony/Deck
Cooling: Central
Ownership: Seller
Available Terms: All Cash to Seller; Cash; Cash to New Loan
Possession: Close of Escrow
Selling Terms: Conventional
IDX
Listing Office: Real Brokerage Technologies
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.