Calling all savvy investors! Nearly $80,000 in gross annual income providing 7.46% CAP Rate! This charming 7-unit apartment building offers Six 1+1 units and One 2+1 unit providing the perfect blend of convenience and profitability. Nestled downtown, you'll be steps away from award-winning schools, bustling shops, and the scenic Sacramento River Trail. The best part? This well-maintained property boasts excellent upside potential - minimal investment needed to start reaping the rewards of a vibrant downtown location! Don't miss this rare opportunity to own a piece of the action in a thriving community.
Sold for $750,000 on 12/26/24
$750,000
1969 8th St, Redding, CA 96001
--beds
--baths
--sqft
Multi Family
Built in 1980
-- sqft lot
$727,900 Zestimate®
$--/sqft
$1,502 Estimated rent
Home value
$727,900
$648,000 - $815,000
$1,502/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 26, 2024 at 11:14am
Listed by:
Nick Kerley,
Realty 110, Inc.,
Kimberly A Moore,
Realty 110, Inc.
Bought with:
NON MEMBER
Non Member
Source: SMLS,MLS#: 24-1588
Facts & features
Interior
Features
- Has basement: No
Property
Parking
- Parking features: Off Street, On Street
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 0.28 Acres
- Dimensions: 12,197
Details
- Parcel number: 103130044000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1980
Community & neighborhood
Location
- Region: Redding
Other
Other facts
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 12/26/2024 | Sold | $750,000-3.8% |
Source:  SMLS #24-1588 | ||
| 11/7/2024 | Pending sale | $780,000 |
Source: SMLS #24-1588 | ||
| 10/31/2024 | Price change | $780,000-1.1% |
Source: SMLS #24-1588 | ||
| 10/24/2024 | Price change | $789,000-0.6% |
Source: SMLS #24-1588 | ||
| 10/17/2024 | Price change | $794,000-0.6% |
Source: SMLS #24-1588 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 96001
Nearby schools
GreatSchools rating
- 7/10Manzanita Elementary SchoolGrades: K-5Distance: 0.6 mi
- 5/10Sequoia Middle SchoolGrades: 4-8Distance: 1.3 mi
- 9/10Shasta High SchoolGrades: 9-12Distance: 0.3 mi
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