130 Masonic Ave, Redding, CA 96003
100% occupied 6-plex for sale in northern Redding, CA with 2 remodeled unit...
$859,000
100% occupied 6-plex for sale in northern Redding, CA with 2 remodeled units, below market rents, all new HVAC mini-splits in 2021, new roof in 2021, fresh coat of exterior paint, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $6,753.00/month ($81,036/year) and annual expenses coming in around $24,000/year (including a maintenance reserve), the property provides just over a 6.6% cap rate. All of the units are 2 bedrooms with 1 bath.
Schedule a Showing
Year Built:1977
MLS ID:24-2994
Listing Type:Residential Income
Property Type:Residential Income
Area
  • Area: 01 - NW Redding