Current Price:$895,000 List Date:10/12/2024Last Modified:11/15/2024
Description
A rare & exceptional opportunity awaits the investor seeking the ''Gold Standard'' of multi-family properties in Redding! Nestled seamlessly within a newer neighborhood which features wide sidewalks, lush greenbelts, & a neighborhood park. Each unit is generously sized with vaulted ceilings, an open-concept kitchen, dining, living room, & a half-bath on the ground floor. All units feature their own Two-Car attached garages. (3) of the units exceed 1,000 sqft, offering Two large bedrooms, each with private bathrooms, spacious closets, & ample storage. The end unit spans 1,300 square feet, featuring 3 bedrooms one with a private bath, & the other two sharing a jack-and-jill bathroom. All units are fully occupied, with excellent potential for increased rental income.
More Information MLS# 24-4165
Address Information
Street Number: 1246Street Name: Mighty OakCross Street: Lofty Oak DrStreet Suffix: LaneState/Province: CAPostal Code: 96002County: Shasta
Property Description
Current Price: $895,000Type: Residential IncomeArea: 03 - SE ReddingList Price: 975000Subdivision: N/AParcel Number: 068-730-030-000GP Zone: NOT AVAILABLEZoning: NOT AVAILABLEStories: 2Year Built: 2006Year Built Desc: 10-20 Years
Remarks
Public Remarks: A rare & exceptional opportunity awaits the investor seeking the ''Gold Standard'' of multi-family properties in Redding! Nestled seamlessly within a newer neighborhood which features wide sidewalks, lush greenbelts, & a neighborhood park. Each unit is generously sized with vaulted ceilings, an open-concept kitchen, dining, living room, & a half-bath on the ground floor. All units feature their own Two-Car attached garages. (3) of the units exceed 1,000 sqft, offering Two large bedrooms, each with private bathrooms, spacious closets, & ample storage. The end unit spans 1,300 square feet, featuring 3 bedrooms one with a private bath, & the other two sharing a jack-and-jill bathroom. All units are fully occupied, with excellent potential for increased rental income.Directions: I5 South to South Bonnyview/Churn Creek Exit. Left onto S. Bonnyview which turns into Churn Creek Rd. Left onto Alrose Lane which turns into Lofty Oak Dr. Left onto Mighty Oak. Property is on the right
Unit Type: Four PlexExterior: StuccoParking: Garage; On StreetUnit Description: 2 Bedroom; 3 + BedroomAll Units Include: Air Conditioner; Patio; Washer/Dryer HookupsSome Units Include: RefrigeratorHeating: Forced AirCooling: CentralOwnership: SellerOwner Expenses: Garbage; WaterTenant Expenses: Cable; Electric; GasExisting Rntl Terms: Month to Month; Deposit HeldAvailable Terms: 1031 Required; All Cash to Seller; Cash to New LoanSelling Terms: Cash
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