Current Price:$720,000 List Date:9/26/2024Last Modified:12/17/2024
Description
Rare Opportunity to own a Class A 4-Plex! Situated in a prime location in Redding, this property is close to shopping, dining, the river trail, parks, highways, and the I-5 freeway. By Redding standards, it is considered a newer multi-family building. The property features like stucco construction, dual-pane windows, high-quality cabinets, tile floors & countertops, indoor full-size laundry, and attached 1-car garages. Each unit offers a townhouse-style layout with two spacious bedrooms and a full bathroom upstairs, along with an open kitchen concept & 1/2 bath downstairs. The property has been impeccably maintained inside and out, providing steady cash flow with significant potential for rent increases. Opportunities like this only come around a about once every decade—don't miss out!
Current Price: $720,000Type: Residential IncomeArea: 01 - NW ReddingList Price: 779000Subdivision: N/AParcel Number: 113-380-005-000Lot Dim or Acres: 0.7 AcresGP Zone: NOT AVAILABLEZoning: NOT AVAILABLEStories: 2Year Built: 2006Year Built Desc: 10-20 Years
Remarks
Public Remarks: Rare Opportunity to own a Class A 4-Plex! Situated in a prime location in Redding, this property is close to shopping, dining, the river trail, parks, highways, and the I-5 freeway. By Redding standards, it is considered a newer multi-family building. The property features like stucco construction, dual-pane windows, high-quality cabinets, tile floors & countertops, indoor full-size laundry, and attached 1-car garages. Each unit offers a townhouse-style layout with two spacious bedrooms and a full bathroom upstairs, along with an open kitchen concept & 1/2 bath downstairs. The property has been impeccably maintained inside and out, providing steady cash flow with significant potential for rent increases. Opportunities like this only come around a about once every decade—don't miss out!Directions: N Market Street. Left onto Northpoint Dr. Right onto Redwood Blvd. Left onto Marijean Way. Property is at the end of the cut-de-sac.
Unit #: A# Bedrooms: 2# Baths: 1.5Rent: 945Deposit: 1145Parking: 1 Car GarageLease: MTMStories: 2
Unit 2
Unit #: B# Bedrooms: 2# Baths: 1.5Rent: 1350Deposit: 2025Parking: 1 Car GarageLease: MTMStories: 2
Unit 3
Unit #: C# Bedrooms: 2# Baths: 1.5Rent: 1295Deposit: 1942Parking: 1 Car GarageLease: MTMStories: 2
Unit 4
Unit #: D# Bedrooms: 2# Baths: 1.5Rent: 1025Deposit: 1215Parking: 1 Car GarageLease: MTMStories: 2
Property Features
Unit Type: Four PlexExterior: StuccoParking: Garage; Off Street; On StreetUnit Description: 2 BedroomAll Units Include: Air Conditioner; Balcony/Deck; Washer/Dryer HookupsHeating: Forced AirCooling: CentralOwnership: SellerTenant Expenses: Cable; ElectricExisting Rntl Terms: Month to MonthAvailable Terms: 1031 Required; All Cash to Seller; Cash to New LoanPossession: ArrangeSelling Terms: Conventional
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