2980 Stingy Lane, Anderson, CA 96007

$865,000
Property Type: Residential Income Status: Closed
Current Price: $865,000 List Date: 2/17/2025 Last Modified: 7/31/2025

Description

High-Cash-Flow 9-Unit Apartment Complex in Anderson, CA - 8.75%+ CAP Rate! This well-maintained 9-unit multifamily property in Anderson, CA, is a prime investment opportunity with an annual gross income of over $113,000 and a Profoma CAP rate exceeding 10.39% in as little as 2 years. The complex consists of eight 2-bedroom, 1-bath units, each featuring indoor laundry and private backyards, plus a spacious 3-bedroom, 1-bath unit. With plenty of room for upside potential on rents, this property offers an excellent opportunity for investors seeking strong cash flow and long-term appreciation. Conveniently located near local amenities and freeway access, this is a low-maintenance, high-performing asset that won't last long.

More Information MLS# 25-634

Address Information

Street Number: 2980 Street Name: Stingy Cross Street: North Street Street Suffix: Lane State/Province: CA Postal Code: 96007 County: Shasta

Property Description

Current Price: $865,000 Type: Residential Income Area: 05 - Anderson List Price: 985000 Subdivision: N/A Parcel Number: 201-510-025-000 GP Zone: NOT AVAILABLE Zoning: NOT AVAILABLE Stories: 1 Year Built: 1964 Year Built Desc: 30+

Remarks

Public Remarks: High-Cash-Flow 9-Unit Apartment Complex in Anderson, CA - 8.75%+ CAP Rate! This well-maintained 9-unit multifamily property in Anderson, CA, is a prime investment opportunity with an annual gross income of over $113,000 and a Profoma CAP rate exceeding 10.39% in as little as 2 years. The complex consists of eight 2-bedroom, 1-bath units, each featuring indoor laundry and private backyards, plus a spacious 3-bedroom, 1-bath unit. With plenty of room for upside potential on rents, this property offers an excellent opportunity for investors seeking strong cash flow and long-term appreciation. Conveniently located near local amenities and freeway access, this is a low-maintenance, high-performing asset that won't last long. Directions: I5 to East on Balls Ferry Road. Left onto Stingy Lane. Property is on the left.

Contract Information

Listing Contract Date: 2025-02-14 Status: Closed List Date: 2025-02-17 Sold Date: 2025-07-31 Under Contract Date: 2025-05-27 Sold Price: $865,000

How to Show

SH Sntrilck Bluetooth: No LBX Notice in Doc's: No

Property Features

Unit Type: 5 or More Parking: Carport; Off Street Unit Description: 2 Bedroom; 3 + Bedroom All Units Include: Washer/Dryer Hookups Heating: Furnace Wall Ownership: Seller Available Terms: All Cash to Seller; Cash to New Loan Selling Terms: Conventional
Listing Office: Realty 110, Inc.
Co Office Name: Realty 110, Inc.
Co Listing Agent: Kimberly Moore
Last Updated: July - 31 - 2025
2980 Stingy Lane, Anderson, CA 96007- MLS# 25-634
Information deemed reliable but not guaranteed.

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