3980 Churn Crk Rd, Redding, CA 96002 46 Unit Apartment Complex in Redding has been owner managed for over 17 yea... | $5,520,000
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Listing Status: Closed Please Note:This listing was last updated on 7/8/2023 but is no longer listed. |
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.
| | MLS ID: | 22-3408 | Listing Type: | Residential Income | Property Type: | Residential Income |
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| | Area Area: 03 - SE Redding |