100% occupied 5-plex for sale in northern Redding, CA with long term tenants, below market rents, all new HVAC mini-splits, brand new roof, freshly painted exterior, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $5,943.00/month ($68,316.00/year), laundry income averaging around $3,000/year, and annual expenses coming in around $27,875/year (including a maintenance reserve), the property provides just over a 6.1% cap rate. Property includes laundry room with laundry income. Unit 5 interior has been fully remodeled and unit 3 is a 2-story 3 bedroom/2.5 bath apartment with indoor laundry.
Highlights
- 100% occupied 5-plex (with one 3 bedroom/2.5 bath unit)
- Below market rents
- All HVAC has been replaced throughout with mini-split systems
- Unit 5 is fully remodeled
- Includes income from onsite laundry
- Low maintenance with new roof, new paint, new HVAC, and little landscaping
Pending
$711,000
120 Masonic Ave, Redding, CA 96003
11beds
6baths
--sqft
Est.:
Multi Family
Built in 1977
-- sqft lot
$663,700 Zestimate®
$--/sqft
$-- HOA
What's special
Brand new roofNew hvac mini-splitsFreshly painted exteriorIndoor laundry
- 300 days
- on Zillow |
- 14 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: December 06, 2024 at 03:48pm
Listed by:
Chris Haedrich,
Capital Rivers Commercial
Source: SMLS,MLS#: 24-2993

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 6
Features
- Has basement: No
Property
Parking
- Parking features: Off Street
Features
- Stories: 2
Lot
- Size: 8,276.4 Square Feet
- Dimensions: .19
Details
- Parcel number: 113410021000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1977
Community & HOA
Location
- Region: Redding
Financial & listing details
- Date on market: 7/9/2024
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