About this home
Multi-Family Investment Opportunity! Exceptional income-producing property featuring 4 adjoining parcels with a total of 12 rental units plus a profitable self-serve carwash. This versatile investment offers significant upside potential and strong cash-flow opportunities. The property includes mixed units consisting of: 1 three-bedroom unit 2 two-bedroom units 5 one-bedroom units 4 studio apartments This well-balanced combination appeals to a wide range of tenants and supports consistent occupancy. Many of the rental units have undergone recent renovations, while current rents remain slightly below market value, creating room for future income growth. Complex also includes Laundry room. Carwash The 2-bay coin-operated self-service carwash has an established customer base and provides additional income potential. Ideally situated in the highly desirable Magnolia District. The property is within walking distance to Downtown Redding Market, the RABA Depot, the YMCA, Shasta High School, and County Courthouse/Offices. It is also within proximity of the City of Redding's proposed Butte Street Boogie Project. This is a project planned improve and enhance the walkability and biking access that will connect downtown to the Sacramento River Trail. Making this an ideal location to that promotes a more active and robust lifestyle. Additional highlights include separately metered units for added management efficiency and tenant convenience.
Details
- Year Built
- 1948
- Exterior
- Shingle Siding, Stucco, Wood Siding
- HOA
- None
- Days on Market
- 1
- MLS #
- 26-2214
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Recently sold nearby
8 closed sales in the last 6 months
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Location & Proximity
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Nearby Attractions — sorted by drive time
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Downtown Redding Shopping & Dining1 min0.6 mi -
Sundial Bridge Sac River Trail4 min1.8 mi -
Sacramento River Fishing & Trails6 min2.7 mi -
Whiskeytown Lake Beaches & Kayaking17 min11.8 mi -
Shasta Lake Boating & Houseboats18 min12.4 mi -
Whiskeytown Falls 220 ft Hiking Trail19 min8.6 mi -
Lassen Volcanic NP 10,457 ft70 min64.1 mi -
McCloud Falls Triple Waterfall71 min64.8 mi -
Mt. Shasta 14,179 ft74 min67.8 mi -
Hat Creek Fly Fishing75 min68.4 mi
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Listing courtesy of Northstate Real Estate Professionals — Kenneth A Marshall.