Current Price:$633,250 List Date:2/23/2024Last Modified:8/31/2024
Description
Located on the edge of the incredible revitalization happening in Downtown Redding, this income-producing four-plex offers a fantastic investment opportunity. New roof and paint, and Unit 1 interior remodel just completed. Each spacious unit (966 sq ft) has been upgraded with 2 bedrooms, jack-and-jill bathroom, private patio, dedicated parking, and storage. A dedicated coin-op laundry provides additional income. Landscaping has been updated to conserve water & reduce maintenance. This is a 2 minute drive (11 minute walk) to Diestelhorst Bridge & the River Trail. Units are currently fully occupied, making this completely turn-key, or could be remodeled further to raise rents substantially. Don't miss out on this opportunity to own a valuable piece of real estate in a prime location!
Type: Residential IncomeList Price: 649000Parcel Number: 103-050-037-000Lot Dim or Acres: 10,454GP Zone: NOT AVAILABLEZoning: NOT AVAILABLEYear Built Desc: 30+Stories: 2Current Price: $633,250Area: 01 - NW ReddingSubdivision: N/AYear Built: 1973
Remarks
Public Remarks: Located on the edge of the incredible revitalization happening in Downtown Redding, this income-producing four-plex offers a fantastic investment opportunity. New roof and paint, and Unit 1 interior remodel just completed. Each spacious unit (966 sq ft) has been upgraded with 2 bedrooms, jack-and-jill bathroom, private patio, dedicated parking, and storage. A dedicated coin-op laundry provides additional income. Landscaping has been updated to conserve water & reduce maintenance. This is a 2 minute drive (11 minute walk) to Diestelhorst Bridge & the River Trail. Units are currently fully occupied, making this completely turn-key, or could be remodeled further to raise rents substantially. Don't miss out on this opportunity to own a valuable piece of real estate in a prime location!Directions: Eureka Way turn north on West Street.
Unit #: 1# Bedrooms: 2# Baths: 1Rent: 1250SqFt: 966
Unit 2
Unit #: 2# Bedrooms: 2# Baths: 1Rent: 1037SqFt: 966
Unit 3
Unit #: 3# Bedrooms: 2# Baths: 1Rent: 1100SqFt: 966
Unit 4
Unit #: 4# Bedrooms: 2# Baths: 1Rent: 825SqFt: 966
Property Features
Unit Type: Four PlexExterior: StuccoParking: Assigned; Off Street; On StreetUnit Description: 2 BedroomAll Units Include: Air Conditioner; Balcony/DeckCooling: CentralOwnership: SellerAvailable Terms: All Cash to Seller; Cash; Cash to New LoanPossession: Close of EscrowSelling Terms: Conventional
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