140 Masonic Ave, Redding, CA 96003
$914,000
140 Masonic Ave
Redding, CA 96003
$914,000

140 Masonic Ave Redding, CA 96003
100% occupied 6-plex for sale in northern Redding, CA with 2 remodeled units, below market rents for the long term tenants, new roof, all new HVAC mini-splits, fresh coat of exterior paint, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $6,820.00/month ($81,840/year), additional laundry income averaging around $1,300/year, and annual expenses coming in around $23,500/year (including a maintenance reserve), the property provides just over a 6.5% cap rate.
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Price$914,000
Year Built1977
Listing TypeResidential Income
Property TypeResidential Income
Area01 - NW Redding
MLS Listing ID24-3009
Published Date7/10/2024 1:43:00 PM 164 days ago
Listing Modified12/6/2024 5:30:00 PM 15 days ago

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