1262 Mighty Oak Lane, Redding, CA 96002

$895,000
Property Type: Residential Income Status: Closed
Current Price: $895,000 List Date: 10/12/2024 Last 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# 24-4166

Address Information

Street Number: 1262 Street Name: Mighty Oak Cross Street: Lofty Oak Dr Street Suffix: Lane State/Province: CA Postal Code: 96002 County: Shasta

Property Description

Current Price: $895,000 Type: Residential Income Area: 03 - SE Redding List Price: 975000 Subdivision: N/A Parcel Number: 068-730-031-000 GP Zone: NOT AVAILABLE Zoning: NOT AVAILABLE Stories: 2 Year Built: 2006 Year 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

Contract Information

Listing Contract Date: 2024-09-26 Status: Closed List Date: 2024-09-26 Sold Date: 2024-11-15 Under Contract Date: 2024-10-26 Sold Price: $895,000

Parking

# Spaces Garage: 2

Unit 1

Unit #: A # Bedrooms: 3 # Baths: 2.5 Rent: 1450 Deposit: 1750 Parking: Attached 2Car Garage Lease: MTM Furnished: Fridge/Range/Dishwas Stories: 2 Remarks: Washer/Dryer Hook-Up

Unit 2

Unit #: B # Bedrooms: 2 # Baths: 2.5 Rent: 1290 Deposit: 1495 Parking: Attached 2Car Garage Lease: MTM Furnished: Fridge/Range/Dishwas Stories: 2 Remarks: Washer/Dryer Hook-Up

Unit 3

Unit #: C # Bedrooms: 2 # Baths: 2.5 Rent: 1375 Deposit: 1575 Parking: Attached 2Car Garage Lease: MTM Furnished: Fridge/Range/Dishwas Stories: 2 Remarks: Washer/Dryer Hook-Up

Unit 4

Unit #: D # Bedrooms: 2 # Baths: 2.5 Rent: 1260 Deposit: 1500 Parking: Attached 2Car Garage Lease: MTM Furnished: Fridge Stories: 2 Remarks: Washer/Dryer Hook-Up

Property Features

Unit Type: Four Plex Exterior: Stucco Parking: Garage; On Street Unit Description: 2 Bedroom; 3 + Bedroom All Units Include: Air Conditioner; Patio; Refrigerator; Washer/Dryer Hookups Heating: Forced Air Cooling: Central Ownership: Seller Tenant Expenses: Cable; Electric; Gas Existing Rntl Terms: Month to Month Available Terms: 1031 Required; All Cash to Seller; Cash to New Loan Selling Terms: Cash
Listing Office: Realty 110, Inc.
Co Office Name: Realty 110, Inc.
Co Listing Agent: Kimberly Moore
Last Updated: November - 15 - 2024
1262 Mighty Oak Lane, Redding, CA 96002- MLS# 24-4166
Information deemed reliable but not guaranteed.

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