Current Price:$1,286,000 List Date:1/24/2025Last Modified:7/30/2025
Description
Introducing a fantastic multi-family investment opportunity in Anderson, CA. This well maintained multi-family property comprises of eleven (11), 2 bedroom/1 bathroom units and one (1) 3 bedroom/1 bathroom unit, all fully occupied, offering immediate returns for investors. Built in 1977, the property has been fully updated. The project provides Gross Rental Income of just under $157,000 per year, priced at a cap rate of over 6.5%. This opportunity presents an exceptional chance to capitalize on the demand for multi-family investment in the Anderson area. With a strong occupancy rate and attractive cap rate, this investment opportunity offers solid long-term profitability for discerning investors.
More Information MLS# 24-5243
Address Information
Street Number: 3420Street Direction Pfx: WStreet Name: CenterCross Street: Briggs StStreet Suffix: StreetState/Province: CAPostal Code: 96007County: Shasta
Property Description
Current Price: $1,286,000Type: Residential IncomeArea: 05 - AndersonList Price: 1425000Subdivision: N/AParcel Number: 202-220-042GP Zone: NOT AVAILABLEZoning: NOT AVAILABLEStories: 1Year Built Desc: 30+
Remarks
Public Remarks: Introducing a fantastic multi-family investment opportunity in Anderson, CA. This well maintained multi-family property comprises of eleven (11), 2 bedroom/1 bathroom units and one (1) 3 bedroom/1 bathroom unit, all fully occupied, offering immediate returns for investors. Built in 1977, the property has been fully updated. The project provides Gross Rental Income of just under $157,000 per year, priced at a cap rate of over 6.5%. This opportunity presents an exceptional chance to capitalize on the demand for multi-family investment in the Anderson area. With a strong occupancy rate and attractive cap rate, this investment opportunity offers solid long-term profitability for discerning investors.Directions: Interstate 5, to South on Highway 273. West on Briggs St, to south on W Center Street. Property located on West side of road.
Unit Type: 5 or MoreExterior: WoodParking: Off Street; On StreetUnit Description: 2 Bedroom; 3 + BedroomAll Units Include: Air ConditionerCooling: CentralTenant Expenses: Electric; GasPossession: Close of EscrowPhoto: Agent UploadSelling Terms: Conventional
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