1903 Grace Ave, Redding, CA 96001
$660,000
Property Type:
Residential Income
Status:
Closed
Current Price:
$660,000
List Date:
4/24/2023
Last Modified:
1/30/2025
Description
Are you looking for a fully renovated investment property? Look no further! This 4 PLEX features two buildings both with new roofs, new gutters, most all the windows have been replaced, completely new kitchens & bathrooms with upgraded cabinets, granite countertops, & new appliances. All new electrical wiring & panels have been installed, along with all new plumbing. All the HVAC systems are new along with all new ducting. The interiors feature new LVP flooring throughout, except for new carpet on the stairs. Each unit has indoor private laundry, PLUS all have new sheetrock, new doors & fresh new paint inside & out. With a Gross annual income over $59,000 & CAP Rate at 6.57% This is an excellent investment opportunity for anyone looking for a TURN-KEY investment!
More Information MLS# 23-1455
Address Information
Cross Street: Gold St
Street Number: 1903
Street Name: Grace Ave
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
Type: Residential Income
List Price: 669000
Parcel Number: 105-620-041-000
Lot Dim or Acres: 7,861
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 30+
Stories: 1
Current Price: $660,000
Area: 04 - SW Redding
Subdivision: N/A
Year Built: 1948
Remarks
Public Remarks: Are you looking for a fully renovated investment property? Look no further! This 4 PLEX features two buildings both with new roofs, new gutters, most all the windows have been replaced, completely new kitchens & bathrooms with upgraded cabinets, granite countertops, & new appliances. All new electrical wiring & panels have been installed, along with all new plumbing. All the HVAC systems are new along with all new ducting. The interiors feature new LVP flooring throughout, except for new carpet on the stairs. Each unit has indoor private laundry, PLUS all have new sheetrock, new doors & fresh new paint inside & out. With a Gross annual income over $59,000 & CAP Rate at 6.57% This is an excellent investment opportunity for anyone looking for a TURN-KEY investment!
Directions: Placer West, Chestnut South, Gold St Left, Right on Grace.
Unit Type
Four Plex: 1
Exterior
Stucco: 1
Parking
Assigned: 1
# Spaces Carport: 3
Off Street: 1
Unit Description
2 Bedroom: 1
3 + Bedroom: 1
All Units Include
Air Conditioner: 1
Cable: 1
Washer/Dryer Hookups: 1
Heating
Forced Air: 1
Gas: Natural
Cooling
Central: 1
Available Terms
1031 Required: 1
All Cash to Seller: 1
Cash to New Loan: 1
Subj to Inspection: 1
Possession
Close of Escrow: 1
Photo
Agent Upload: 1
Selling Terms
Conventional: 1
Tenant Expenses
Cable: 1
Electric: 1
Garbage: 1
Gas: 1
Water: 1
Unit 1
Unit #: 1907 A
# Bedrooms: 1
# Baths: 1
Rent: 1195
Unit 2
Unit #: 1907 B
# Bedrooms: 2
# Baths: 1
Rent: 1025
Unit 3
Unit #: 1901
# Bedrooms: 2
# Baths: 1
Rent: 1325
Unit 4
Unit #: 1903
# Bedrooms: 3
# Baths: 2
Rent: 1395
Contract Information
Status: Closed
List Date: 2023-04-24
Sold Date: 2023-06-26
Under Contract Date: 2023-05-21
Sold Price: $660,000
Property Features
Unit Type: Four Plex
Exterior: Stucco
Parking: Assigned; Off Street
Unit Description: 2 Bedroom; 3 + Bedroom
All Units Include: Air Conditioner; Cable; Washer/Dryer Hookups
Heating: Forced Air
Cooling: Central
Tenant Expenses: Cable; Electric; Garbage; Gas; Water
Available Terms: 1031 Required; All Cash to Seller; Cash to New Loan; Subj to Inspection
Possession: Close of Escrow
Photo: Agent Upload
Selling Terms: Conventional
Listing Office: Realty 110, Inc.
Last Updated: January - 30 - 2025
Information deemed reliable but not guaranteed.