About this home
Excellent opportunity to acquire a high-performing residential income property featuring 8 detached homes on one parcel. The El Reno Cottages are currently fully occupied and generating over $99,000 in gross annual income, providing a 7.06% CAP rate with strong, consistent cash flow. The property has undergone extensive recent improvements, making it a desirable low-maintenance investment. Updates include newer roofs, updated siding on several units, fresh exterior paint, upgraded interiors, and dual-pane windows. The homes are well maintained and designed for long-term durability while helping keep operating expenses manageable. Each unit offers tenants the privacy and appeal of separate homes rather than traditional apartment units, which has helped support stable occupancy and tenant retention. The property also features low-maintenance landscaping, further reducing ongoing landlord responsibilities. Located in a convenient area with quick access to shopping, schools, parks, and transportation, the property continues to attract steady rental demand. Opportunities to own multiple standalone homes producing strong income on a single parcel are rare, making this a compelling option for investors seeking stable returns and long-term rental demand.
Recently sold nearby
8 closed sales in the last 6 months
Estimated monthly payment
What this home would cost per month at today's rates
Estimate only — taxes, insurance, HOA, and PMI not included. Get pre-approved →
Details
- Type
- Residential Income
- Year Built
- 1945
- HOA
- None
- Days on Market
- 66
- MLS #
- 26-854
Location & Proximity
Want the full picture of Redding? Read the Redding area guide for market trends, neighborhoods, and lifestyle details.
Nearby Attractions — sorted by drive time
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Downtown Redding Shopping & Dining7 min3.4 mi
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Sundial Bridge Sac River Trail8 min3.9 mi
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Sacramento River Fishing & Trails8 min3.6 mi
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Whiskeytown Falls 220 ft Hiking Trail16 min11.1 mi
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Whiskeytown Lake Beaches & Kayaking20 min14 mi
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Shasta Lake Boating & Houseboats23 min15.8 mi
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Lassen Volcanic NP 10,457 ft69 min62.9 mi
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McCloud Falls Triple Waterfall74 min67.9 mi
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Hat Creek Fly Fishing75 min69 mi
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Mt. Shasta 14,179 ft78 min71.1 mi
Listing courtesy of Realty 110, Inc. — Nick Kerley.