3980 Churn Crk Rd, Redding, CA 96002
$5,520,000
3980 Churn Crk Rd
Redding, CA 96002
$5,520,000

3980 Churn Crk Rd Redding, CA 96002
46 Unit Apartment Complex in Redding has been owner managed for over 17 years. Owners have taken pride in ownership and the property has been very well maintained. The property is comprised of (12) 1 Bedroom Units, (33) 2 Bedroom Units & (1) 3 Bedroom Unit, 13 Private Garages, Plus a Swimming Pool and Coin-Operated Laundry Room. Units features energy efficient dual pane windows, 18,000 btu AC's, garbage disposals and a spacious layout. The rental market in Redding is strong and these properties rarely come to market. Annual Gross income comes in just over $321,000 providing a 5.83% Cap Rate with nice upside potential in rental rate increases. Please do not disturb tenants.
Listing Status: Pending
Please Note:This listing was last updated on 8/2/2022. Please contact us for the availability of this property.
Share with a friend!
Price$5,520,000
Year Built1981
Listing TypeResidential Income
Property TypeResidential Income
Area03 - SE Redding
MLS Listing ID22-3408
Published Date7/6/2022 2:04:00 PM 86 days ago
Listing Modified8/2/2022 12:00:00 PM 59 days ago

Property Map
Similar Properties