140 Masonic Ave, Redding, CA 96003
100% occupied 6-plex for sale in northern Redding, CA with 2 remodeled unit...
$914,000
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 $6,875.00/month ($82,500/year), additional laundry income averaging around $1,300/year, and annual expenses coming in around $24,745/year (including a maintenance reserve), the property provides just over a 6.45% cap rate. Units 2, 5 & 6 were fully remodeled in 2021. All of the units are 2 bedrooms with 1 bath.
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Year Built:1977
MLS ID:24-3009
Listing Type:Residential Income
Property Type:Residential Income
Area
  • Area: 01 - NW Redding