Current Price:$800,000 List Date:6/09/2023Last Modified:8/31/2024
Description
Prime Investment Opportunity! a well maintained 7-unit apartment building in Redding. Each spacious unit boasts 2 bedrooms, 1 bath, and central HVAC, and each unit comes with a convenient 1-car attached garage. With a excellent gross income of over $75,000 per year with a 6.18% CAP rate, this property provides a lucrative return on investment. PLUS there's upside potential with ample room for rent increases in the coming years, which can increase profits without the need of adding more capital investment. Whether you're a seasoned investor or just starting your real estate journey, this opportunity is not to be missed. Seize the chance to secure a prosperous future.
Current Price: $800,000Type: Residential IncomeArea: 04 - SW ReddingList Price: 799000Subdivision: N/AParcel Number: 049-120-021-000Lot Dim or Acres: 27,878GP Zone: NOT AVAILABLEZoning: NOT AVAILABLEStories: 1Year Built Desc: 30+
Remarks
Public Remarks: Prime Investment Opportunity! a well maintained 7-unit apartment building in Redding. Each spacious unit boasts 2 bedrooms, 1 bath, and central HVAC, and each unit comes with a convenient 1-car attached garage. With a excellent gross income of over $75,000 per year with a 6.18% CAP rate, this property provides a lucrative return on investment. PLUS there's upside potential with ample room for rent increases in the coming years, which can increase profits without the need of adding more capital investment. Whether you're a seasoned investor or just starting your real estate journey, this opportunity is not to be missed. Seize the chance to secure a prosperous future.Directions: HWY 273 to Bransetter go West.
Unit #: 2124-A# Bedrooms: 2# Baths: 1Rent: 900Parking: 1 Car Garage
Unit 2
Unit #: 2124-B# Bedrooms: 2# Baths: 1Rent: 900Parking: 1 Car Garage
Unit 3
Unit #: 2124-C# Bedrooms: 2# Baths: 1Rent: 900Parking: 1 Car Garage
Unit 4
Unit #: 2124-D# Bedrooms: 2# Baths: 1Rent: 925Parking: 1 Car Garage
Unit 5
Unit #: 2128-A# Bedrooms: 2# Baths: 1Rent: 900Parking: 1 Car Garage
Unit 6
Unit #: 2128-B# Bedrooms: 2# Baths: 1Rent: 900Parking: 1 Car Garage
Unit 7
Unit #: 2128-CBed: 2Bath: 1Rent: 900Parking: 1 Car Garage
Property Features
Unit Type: 5 or More; ComplexParking: Off StreetUnit Description: 2 BedroomAll Units Include: Air Conditioner; Cable; Patio; Washer/Dryer HookupsOwnership: ConservatorshipOwner Expenses: Garbage; WaterTenant Expenses: Electric; GasExisting Rntl Terms: Month to MonthExpense Data Source: OwnerAvailable Terms: All Cash to Seller; Cash to New LoanPossession: Close of EscrowPhoto: Agent UploadSelling Terms: Cash
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