2750 Reservoir Ln, Redding, CA 96002
$1,195,000
Property Type:
Residential Income
Status:
Closed
Current Price:
$1,195,000
List Date:
2/27/2022
Last Modified:
8/31/2024
Description
DO NOT TALK TO OR DISTURB TENANTS: 10 Units, the mix is 9 : 1+1's and 1: 2+1. Long time owner and long time property management company. Excellent rental history. These units are all masonry veneered and have never been painted. Detailed record of income and expenses available to qualified Buyers.
Half of the tenants have been here 5 years or longer. Current net income after all expenses including taxes, property mgmt., utilities & repairs puts this at cash on cash net return with projected schedule at $725. per unit per property mgmt as reported to Assessor! This is a consistent cash flow investment for the right client to just leave it alone and let it run on auto pilot. An appointment to view all will be made after acceptance of a qualified Purchase Contract. Trust Sale with TA Form
More Information MLS# 22-883
Address Information
Cross Street: Hartnell
Street Number: 2750
Street Name: Reservoir Ln
State/Province: CA
Postal Code: 96002
County: Shasta
Property Description
Type: Residential Income
List Price: 1195000
Parcel Number: 067-430-037-000
Lot Dim or Acres: 33,352
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 30+
Stories: 1
Current Price: $1,195,000
Area: 01 - NW Redding
Subdivision: N/A
Remarks
Public Remarks: DO NOT TALK TO OR DISTURB TENANTS: 10 Units, the mix is 9 : 1+1's and 1: 2+1. Long time owner and long time property management company. Excellent rental history. These units are all masonry veneered and have never been painted. Detailed record of income and expenses available to qualified Buyers.
Half of the tenants have been here 5 years or longer. Current net income after all expenses including taxes, property mgmt., utilities & repairs puts this at cash on cash net return with projected schedule at $725. per unit per property mgmt as reported to Assessor! This is a consistent cash flow investment for the right client to just leave it alone and let it run on auto pilot. An appointment to view all will be made after acceptance of a qualified Purchase Contract. Trust Sale with TA Form
Directions: Hartnell west of Churn Creek, Reservoir is before Victor on the north, the units are down about a block on the west side of the street.
Unit Type
5 or More: 1
Complex: 1
Exterior
Other: 1
Parking
Carport: 1
# Spaces Carport: 10
Off Street: 1
Unit Description
1 Bedroom: 1
2 Bedroom: 1
Ownership
Seller: 1
Cooling
Window: 1
Available Terms
All Cash to Seller: 1
Cash: 1
Possession
Arrange: 1
Photo
On File: 1
Agent Upload: 1
Selling Terms
Cash: 1
Existing Rntl Terms
Month to Month: 1
Deposit Held: 1
Unit 1
Unit #: 10
# Bedrooms: 1
# Baths: 1
Unit 2
Unit #: 1
# Bedrooms: 2
Contract Information
Status: Closed
List Date: 2022-02-25
Sold Date: 2022-05-06
Under Contract Date: 2022-03-23
Sold Price: $1,195,000
Property Features
Unit Type: 5 or More; Complex
Exterior: Other
Parking: Carport; Off Street
Unit Description: 1 Bedroom; 2 Bedroom
Cooling: Window
Ownership: Seller
Existing Rntl Terms: Month to Month; Deposit Held
Available Terms: All Cash to Seller; Cash
Possession: Arrange
Photo: On File; Agent Upload
Selling Terms: Cash
Listing Office: RE/MAX Five Star
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.