120 Masonic Ave, Redding, CA 96003
100% occupied 5-plex for sale in northern Redding, CA with long term tenant...
$711,000
Listing Status: Pending
Please Note:This listing was last updated on 12/6/2024 but is no longer listed.
100% occupied 5-plex for sale in northern Redding, CA with long term tenants, below market rents, all new HVAC mini-splits, brand new roof, freshly painted exterior, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $5,943.00/month ($68,316.00/year), laundry income averaging around $3,000/year, and annual expenses coming in around $27,875/year (including a maintenance reserve), the property provides just over a 6.1% cap rate.
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Year Built:1977
MLS ID:24-2993
Listing Type:Residential Income
Property Type:Residential Income
Area
  • Area: 01 - NW Redding