1197 Lancers Ln, Redding, CA 96003

$965,000
Property Type: Residential Income Status: Closed
Current Price: $965,000 List Date: 10/10/2023 Last Modified: 8/31/2024

Description

Great location near transportation and shopping. Professionally managed and fully occupied. Two buildings, each with 4 units plus covered parking for 8 vehicles. Laundry facility on site. 100% occupied with current rents totaling $84600 annually. Some recent upgrades.

More Information MLS# 23-4120

Address Information

Street Number: 1197 Street Name: Lancers Ln Cross Street: Burton State/Province: CA Postal Code: 96003 County: Shasta

Property Description

Current Price: $965,000 Type: Residential Income Area: 02 - NE Redding List Price: 1100000 Subdivision: N/A Parcel Number: 071-340-018 Lot Dim or Acres: 0.36 acre GP Zone: RED 10-20 u/a - 10-20 dwelling units per acre Zoning: RED - RM - Multiple Family Districts Stories: 2 Year Built: 1989 Year Built Desc: 20-30 Years

Remarks

Public Remarks: Great location near transportation and shopping. Professionally managed and fully occupied. Two buildings, each with 4 units plus covered parking for 8 vehicles. Laundry facility on site. 100% occupied with current rents totaling $84600 annually. Some recent upgrades. Directions: Churn Creek to Lancers Ln. SW Corner of Lancers and Burton.

Contract Information

Status: Closed List Date: 2023-10-09 Sold Date: 2023-12-21 Under Contract Date: 2023-11-07 Sold Price: $965,000

Parking

# Spaces Carport: 8

Existing Rntl Terms

Deposit $ Amount: 7925

Unit 1

Unit #: A # Bedrooms: 2 # Baths: 2 Rent: 800 Deposit: 850

Unit 2

Unit #: B # Bedrooms: 2 # Baths: 2 Rent: 800 Deposit: 850

Unit 3

Unit #: C # Bedrooms: 2 # Baths: 2 Rent: 1075 Deposit: 1275

Unit 4

Unit #: D # Bedrooms: 2 # Baths: 2 Rent: 850 Deposit: 1025

Unit 5

Unit #: E # Bedrooms: 2 # Baths: 2 Rent: 850 Deposit: 1000

Unit 6

Unit #: F # Bedrooms: 2 # Baths: 2 Rent: 800 Deposit: 850

Unit 7

Unit #: G Bed: 2 Bath: 2 Rent: 1075 Deposit: 1275

Unit 8

Unit #: H Bed: 2 Bath: 2 Rent: 800 Deposit: 800

Property Features

Unit Type: 5 or More; Complex Exterior: Stucco Parking: Assigned; Carport; On Street Unit Description: 2 Bedroom All Units Include: Air Conditioner; Balcony/Deck; Cable; Drapes Some Units Include: Refrigerator Heating: Forced Air Cooling: Central Miscellaneous: Lawn Sprinklers; Laundry in Complex; Smoke Detectors Ownership: Seller Tenant Expenses: Cable; Electric; Gas Existing Rntl Terms: Month to Month Expense Data Source: Owner Available Terms: Cash; Cash to New Loan Possession: Close of Escrow Selling Terms: Cash
Listing Office: Kirkland Real Estate Partners
Last Updated: August - 31 - 2024
1197 Lancers Ln, Redding, CA 96003- MLS# 23-4120
Information deemed reliable but not guaranteed.

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