Unbelievable opportunity to buy 8 vintage cottages in ideal location just blocks from dining, shopping, and other area amenities. Each cottage features 2 bedrooms/1 bath, onsite laundry closets, assigned parking and private yard areas. Some units have new roofs, mini-splits, and upgraded electrical service. Situated in a single family home subdivision, tenants enjoy a quiet street, little through traffic, and lower density than most residential income properties. Very stable tenant base with little turnover makes this offering attractive to the investor seeking long-term returns with ease of management.
Nestled on a quiet cul-de-sac, this multi-unit property is conveniently located near shopping, dining and transportation in the heart of Redding, CA. Each apartment offers a townhouse style layout with two spacious bedrooms, a jack n' jill full bathroom, an open concept kitchen/living room, an additional half bath, and a private back patio. The property also features off-street covered parking, new roofs and gutters, updated windows, new fencing, and low-maintenance landscaping. One of the four units has recently been updated with luxury vinyl flooring, updated fixtures, modern appliances and fresh paint. Don't miss out on this Prime Investment Opportunity.
Nestled on a quiet cul-de-sac, this multi-unit property is conveniently located near shopping, dining, and transportation in the heart of Redding, Ca. Three of the four units are currently rented on a month-to-month basis, while the vacant unit has been recently updated with luxury vinyl flooring, modern appliances, and fresh paint. Each apartment offers a Townhouse style layout with two spacious bedrooms, a Jack n' Jill full bathroom, an open concept kitchen/living room, an additional half bath, and a private back patio. The property also features off-street covered parking, a coin-operated laundry room, new roofs and gutters, updated windows, new fencing, and low-maintenance landscaping. This prime investment property generates close to $50,000 in gross income with a 6.25% CAP Rate, making it an excellent opportunity for savvy investors. Please respect the tenants' privacy. This property is also listed with 1275 Wurch Way, and the seller prefers to sell both properties together.
The median home value in Redding, CA is $372,200. This is higher than the county median home value of $339,100. The national median home value is $338,100. The average price of homes sold in Redding, CA is $372,200. Approximately 50.57% of Redding homes are owned, compared to 42.2% rented, while 7.23% are vacant. Redding real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Redding real estate agent to arrange a tour today!
Redding, California 96002 has a population of 93,251. Redding 96002 is more family-centric than the surrounding county with 26.11% of the households containing married families with children. The county average for households married with children is 25.72%.
The median household income in Redding, California 96002 is $60,624. The median household income for the surrounding county is $61,937 compared to the national median of $69,021. The median age of people living in Redding 96002 is 38.6 years.
The average high temperature in July is 96.9 degrees, with an average low temperature in January of 37.8 degrees. The average rainfall is approximately 37.9 inches per year, with 1.3 inches of snow per year.