110 Masonic Ave, Redding, CA 96003
100% occupied 6-plex for sale in northern Redding, CA with long term tenant...
$681,000
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.
Schedule a Showing
Year Built:1978
MLS ID:24-2990
Listing Type:Residential Income
Property Type:Residential Income
Area
  • Area: 01 - NW Redding