Current Price:$865,000 List Date:2/17/2025Last 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: 2980Street Name: StingyCross Street: North StreetStreet Suffix: LaneState/Province: CAPostal Code: 96007County: Shasta
Property Description
Current Price: $865,000Type: Residential IncomeArea: 05 - AndersonList Price: 985000Subdivision: N/AParcel Number: 201-510-025-000GP Zone: NOT AVAILABLEZoning: NOT AVAILABLEStories: 1Year Built: 1964Year 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.
Unit Type: 5 or MoreParking: Carport; Off StreetUnit Description: 2 Bedroom; 3 + BedroomAll Units Include: Washer/Dryer HookupsHeating: Furnace WallOwnership: SellerAvailable Terms: All Cash to Seller; Cash to New LoanSelling Terms: Conventional
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