1196 Lancers, Redding, CA 96003
Prime Investment Opportunity: Turnkey, Low-Maintenance FourplexCentrally lo...
$649,000
Prime Investment Opportunity: Turnkey, Low-Maintenance FourplexCentrally located with exceptional access to premier shopping, dining, and local amenities, this well-maintained fourplex offers an outstanding addition to any investment portfolio.Each of the four expansive, 1,200-square-foot units features a highly desirable 2-bedroom, 1.5-bathroom layout designed for comfortable modern living. Attached garages provide tenants with highly sought-after privacy, security, and additional storage.The property is engineered for low-overhead management, boasting a durable stucco exterior, a recently replaced roof, and a low-maintenance yard that minimizes ongoing upkeep costs.Enjoy immediate, reliable cash flow with strong tenant history: the building is fully occupied, featuring a stable mix of two long-term residents and two recently executed newer leases. Generating $63,000 in annual gross rental income, this asset represents a secure, high-performing investment in a high-demand rental market.
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Year Built:1990
MLS ID:26-3349
Listing Type:Residential Income
Area
  • Area: 02 - NE Redding