2124 Branstetter Ln, Redding, CA 96001

$800,000
Property Type: Residential Income Status: Closed
Current Price: $800,000 List Date: 6/09/2023 Last 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.

More Information MLS# 23-2238

Address Information

Street Number: 2124 Street Name: Branstetter Ln Cross Street: HWY 273 State/Province: CA Postal Code: 96001 County: Shasta

Property Description

Current Price: $800,000 Type: Residential Income Area: 04 - SW Redding List Price: 799000 Subdivision: N/A Parcel Number: 049-120-021-000 Lot Dim or Acres: 27,878 GP Zone: NOT AVAILABLE Zoning: NOT AVAILABLE Stories: 1 Year 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.

Contract Information

Status: Closed List Date: 2023-06-09 Sold Date: 2023-08-04 Under Contract Date: 2023-06-15 Sold Price: $800,000

Parking

# Spaces Garage: 7

Unit 1

Unit #: 2124-A # Bedrooms: 2 # Baths: 1 Rent: 900 Parking: 1 Car Garage

Unit 2

Unit #: 2124-B # Bedrooms: 2 # Baths: 1 Rent: 900 Parking: 1 Car Garage

Unit 3

Unit #: 2124-C # Bedrooms: 2 # Baths: 1 Rent: 900 Parking: 1 Car Garage

Unit 4

Unit #: 2124-D # Bedrooms: 2 # Baths: 1 Rent: 925 Parking: 1 Car Garage

Unit 5

Unit #: 2128-A # Bedrooms: 2 # Baths: 1 Rent: 900 Parking: 1 Car Garage

Unit 6

Unit #: 2128-B # Bedrooms: 2 # Baths: 1 Rent: 900 Parking: 1 Car Garage

Unit 7

Unit #: 2128-C Bed: 2 Bath: 1 Rent: 900 Parking: 1 Car Garage

Property Features

Unit Type: 5 or More; Complex Parking: Off Street Unit Description: 2 Bedroom All Units Include: Air Conditioner; Cable; Patio; Washer/Dryer Hookups Ownership: Conservatorship Owner Expenses: Garbage; Water Tenant Expenses: Electric; Gas Existing Rntl Terms: Month to Month Expense Data Source: Owner Available Terms: All Cash to Seller; Cash to New Loan Possession: Close of Escrow Photo: Agent Upload Selling Terms: Cash
Listing Office: Realty 110, Inc.
Last Updated: August - 31 - 2024
2124 Branstetter Ln, Redding, CA 96001- MLS# 23-2238
Information deemed reliable but not guaranteed.

Compare listings

Compare