20471 Quebec St, Burney, CA 96013

$674,000
Property Type: Residential Income Status: Closed
Current Price: $674,000 List Date: 7/02/2021 Last Modified: 8/31/2024

Description

Amazing opportunity for the capital improvement investor. 12 unit complex on 3 separate lots & APN #s (20471,20473, 20475 Quebec St.) Each lot has a 4 plex building. Two of the 4 plex buildings have 2 upstairs 2/1 units and 2 downstairs 2/1 units with 720 sqft. 8 total 2/1 units. 7 of the 8 are rented. The vacant unit has just been remodeled (new kitchen/bath/carpet/paint) awaiting a tenant. The last building (20475) has larger units. Consisting of two types of units. The two end units are 2/1.5 with 1050 sqft and the middle units are 3/1.5 with 1240 sqft. All of these units in 20475 have the kitchen and living area downstairs with bedrooms upstairs. The two units on the left side of 20475 (units #1 & #2) are vacant awaiting updating/remodeling continuation by an investor/buyer.

Supplements: Seller has made many improvements to the complex since buying it 5 years ago and difficulty removing a few long term below market tenants by PM has the owner wanting to sell. Property has tons of potential for increasing rents. Location is very close to the local elementary school and walking distance to store and community pool. Burney Falls State Park is just down the road. Blue ribbon fly fishing rivers (Pit, Hat and Fall) just east of town and Lassen Park is just beyond for to enjoy some the best nature recreation areas California has to offer.

More Information MLS# 21-663

Address Information

Street Number: 20471 Street Name: Quebec St Cross Street: Mountain View Rd. State/Province: CA Postal Code: 96013 County: Shasta

Property Description

Current Price: $674,000 Type: Residential Income Area: 50 - Burney List Price: 750000 Subdivision: N/A Parcel Number: 028-210-039-000 Lot Dim or Acres: 9,148 GP Zone: NOT AVAILABLE Zoning: NOT AVAILABLE Stories: 1 Year Built: 1984 Year Built Desc: 01-05 Years

Remarks

Public Remarks: Amazing opportunity for the capital improvement investor. 12 unit complex on 3 separate lots & APN #s (20471,20473, 20475 Quebec St.) Each lot has a 4 plex building. Two of the 4 plex buildings have 2 upstairs 2/1 units and 2 downstairs 2/1 units with 720 sqft. 8 total 2/1 units. 7 of the 8 are rented. The vacant unit has just been remodeled (new kitchen/bath/carpet/paint) awaiting a tenant. The last building (20475) has larger units. Consisting of two types of units. The two end units are 2/1.5 with 1050 sqft and the middle units are 3/1.5 with 1240 sqft. All of these units in 20475 have the kitchen and living area downstairs with bedrooms upstairs. The two units on the left side of 20475 (units #1 & #2) are vacant awaiting updating/remodeling continuation by an investor/buyer. Directions: Hwy 299 to Mountain House Rd. to Quebec Street

Contract Information

Status: Closed List Date: 2021-02-16 Sold Date: 2021-11-04 Under Contract Date: 2021-09-16 Sold Price: $674,000

Heating

Gas: Natural

Existing Rntl Terms

Lease: 1 Written Lease: Yes

Unit 1

Unit #: 20471- Apt. #1 # Bedrooms: 2 # Baths: 1 Rent: 725 SqFt: 740

Unit 2

Unit #: 20471 - Apt #2 # Bedrooms: 2 # Baths: 1 Rent: 725 SqFt: 740

Unit 3

Unit #: 20471 - #3 # Bedrooms: 2 # Baths: 1 Rent: 515 SqFt: 740

Unit 4

Unit #: 20471 # Bedrooms: 2 # Baths: 1 SqFt: 740

Unit 5

Unit #: 20473 - Apt #1 # Bedrooms: 2 # Baths: 1 Rent: 725 SqFt: 740

Unit 6

Unit #: 20473 - Apt #2 # Bedrooms: 2 # Baths: 1 Rent: 650 SqFt: 740

Unit 7

Unit #: 20473 - Apt #3 Bed: 2 Bath: 1 Rent: 485 SqFt: 740

Unit 8

Unit #: 20473 - Apt #4 Bed: 2 Bath: 1 Rent: 550 SqFt: 740

Property Features

Unit Type: 5 or More Sub Zoning: Conforming Exterior: Wood Parking: Assigned; Off Street Unit Description: 2 Bedroom; 3 + Bedroom All Units Include: Cable; Refrigerator; Washer/Dryer Hookups Some Units Include: View Heating: Forced Air; Furnace Wall Miscellaneous: Laundry in Complex; Smoke Detectors Ownership: Seller Tenant Expenses: Cable; Electric; Gas Existing Rntl Terms: Month to Month; Deposit Held Expense Data Source: Owner; Projected Available Terms: All Cash to Seller; Cash Possession: Close of Escrow Photo: Agent Upload Selling Terms: Cash
Listing Office: REDDING COMMERCIAL INVESTMENTS
Last Updated: August - 31 - 2024
20471 Quebec St, Burney, CA 96013- MLS# 21-663
Information deemed reliable but not guaranteed.

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