2727 Lanning Ave, Redding, CA 96001
$1,995,000
Property Type:
Residential Income
Status:
Closed
Current Price:
$1,995,000
List Date:
3/27/2018
Last Modified:
8/31/2024
Description
34 Well maintained Units, fully occupied, low vacancy. Stucco Construction with Newer Roofs, Well Kept Grounds, OnSite Coin-Op Laundry. Updated interiors: New Paint, Tile or Laminate Flooring & Nice Appliances. Rarely in our market, do we see a property with such an attractive ROI that’s also in this good condition. Limited time Opportunity, Take Advantage!!! Gross Income $261,000+ at 9.35% CAP!
More Information MLS# 17-6323
Address Information
Street Number: 2727
Street Name: Lanning Ave
Cross Street: Parkview
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
Current Price: $1,995,000
Type: Residential Income
Area: 04 - SW Redding
List Price: 1995000
Subdivision: N/A
Parcel Number: 104-250-036-000
Lot Dim or Acres: 11,137
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Stories: 1
Year Built: 1995
Year Built Desc: 20-30 Years
Remarks
Public Remarks: 34 Well maintained Units, fully occupied, low vacancy. Stucco Construction with Newer Roofs, Well Kept Grounds, OnSite Coin-Op Laundry. Updated interiors: New Paint, Tile or Laminate Flooring & Nice Appliances. Rarely in our market, do we see a property with such an attractive ROI that’s also in this good condition. Limited time Opportunity, Take Advantage!!! Gross Income $261,000+ at 9.35% CAP!
Directions: Take Highway 44 to Park Marina. Take a left onto Parkview. Make a left onto Lanning Ave. Property is on the left
Contract Information
Status: Closed
List Date: 2017-12-27
Sold Date: 2018-07-23
Under Contract Date: 2018-04-03
Sold Price: $1,995,000
Property Features
Unit Type: 5 or More
Parking: Assigned; Off Street; On Street
Unit Description: 1 Bedroom; 2 Bedroom; Studio
All Units Include: Air Conditioner; Refrigerator
Heating: Furnace Wall
Ownership: Owner RE Licensee
Available Terms: 1031 Required
Selling Terms: Conventional
Listing Office: DROZ CORPORATION
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.