
120 Masonic Ave Redding, CA 96003
Estimated payment $4,680/month
About This Home
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
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1977
Parking
- Off-Street Parking
Community Details
- 5 Units
Listing and Financial Details
- Assessor Parcel Number 113410021000
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
12/06/2024 12/06/24 | Pending | -- | -- | -- |
08/05/2024 08/05/24 | Price Changed | $711,000 | -4.7% | -- |
07/09/2024 07/09/24 | For Sale | $746,000 | -- | -- |
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