110 Masonic Ave, Redding, CA 96003
$681,000
110 Masonic Ave
Redding, CA 96003
$681,000

110 Masonic Ave Redding, CA 96003
100% occupied 6-plex for sale in northern Redding, CA with long term tenants, below market rents, all new HVAC mini-splits in 2021, and close proximity to shopping, transportation, and schools. All units are 1 bed 1 bath with current gross monthly rents at $5,346.00/month ($64/152/year) and annual expenses coming in around $21,695/year (including a maintenance reserve), the property provides just over a 6.2% cap rate. Unit 1 was remodeled in 2022 and the units are rarely vacant. Steady demand in this area of the City.
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Price$681,000
Year Built1978
Listing TypeResidential Income
Property TypeResidential Income
Area01 - NW Redding
MLS Listing ID24-2990
Published Date7/9/2024 2:04:00 PM 227 days ago
Listing Modified2/18/2025 12:00:00 PM 3 days ago

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