110-140 Masonic Avenue

Redding, CA 96003

$3,165,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

100% occupied 23-unit apartment complex for sale in northern Redding, CA on 4 separate adjacent parcels with long term tenants, below market rents, all new HVAC mini-splits, 3 of 4 buildings have new roofs, fresh coat of exterior paint, and close proximity to shopping, transportation, and schools. There are 6 x 1 Bed/1 Bath units, 16 x 2 Bed/1 Bath units, 1 x 3 Bed/2.5 Bath unit, and 7 of the 23 units have been remodeled in the past year. Current gross monthly rents are at $24,195.00/month ($290,340.00/year)...100% occupied 23-unit apartment complex for sale in northern Redding, CA on 4 separate adjacent parcels with long term tenants, below market rents, all new HVAC mini-splits, 3 of 4 buildings have new roofs, fresh coat of exterior paint, and close proximity to shopping, transportation, and schools. There are 6 x 1 Bed/1 Bath units, 16 x 2 Bed/1 Bath units, 1 x 3 Bed/2.5 Bath unit, and 7 of the 23 units have been remodeled in the past year. Current gross monthly rents are at $24,195.00/month ($290,340.00/year) with additional laundry income adding approximately $4,300/year, and annual expenses coming in around $95,730/year (including a maintenance reserve), the property provides just under a 6.3% cap rate with existing income & expenses.
  1. Listed by Chris Haedrich • DRE #1484672 • Capital Rivers Commercial
    P: (530)-351-1160 C: (530)-351-1160 chris.h@capitalrivers.com

Property Details for 110-140 Masonic Avenue

Subdivision Name
N/A
LISTING UPDATED: 10/04/2024 01:57 PM

Property Details for 110-140 Masonic Avenue

StatusActive
MLS #24-3016
Days on Compass122
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built-
Lot Size0.76 AC / 33,105 SF
CountyShasta County

Building Information for 110-140 Masonic Avenue

Stories2Residences-Year Built-Building Size-Lot Size0.76 AC / 33,105 SF

Property Information for 110-140 Masonic Avenue

Summary
Location and General Information
  • Cross Street: Lake Blvd
  • M L SArea Major: 01 - NW Redding
  • Remarks : Directions: Directly across Lake Blvd from Raley's shopping center. From I-5 take the HWY 299/Lake Blvd exit; head west on Lake Blvd; turn left (south) on Masonic Avenue; property is on the right.
  • Address Info : City: Redding
  • State Or Province: CA
  • Postal Code: 96003
  • County Or Parish: Shasta
  • Latitude: 40.60875
  • Longitude: -122.380906
  • Property Description : Zoning: RED - C-2 - Central Commericial District
  • Address Information : Cross Street2: Lake Blvd
Parking
  • Parking : Off Street: Yes
  • Parking Features: Off Street
Taxes and HOA Information
  • Association Fee: $.00
  • Parcel Number: 113-410-020, 021, 009, 010,
Property
Lot Information
  • Listing Agreement: Exclusive Right to Sell
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Dimensions: 0.76
  • Lot Size Square Feet: 0.0
  • Property Description : Lot Dim or Acres: 0.76
Property and Assessments
  • Approval Status: Yes
  • Property Description : Type: Residential Income
  • Property Description : Year Built Desc: 30+
Interior and Exterior Features
Interior Features
  • Stories: 2
  • Total Bathrooms Source: MLS
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Property Description : Stories2: 2
Multi Family
Multi Family Information
  • Number Of Units Total: 0

Property History for 110-140 Masonic Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 110-140 Masonic Avenue

This home is within Gateway Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - K to 12
Charter - K to 8
Public - K to 8
Rating
School
Distance
Gateway Educational Options
PublicK to 12

Rocky Point Charter School
CharterK to 8

Buckeye School of the Arts
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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110-140 Masonic Avenue is a multi-family home for sale in Redding, CA 96003. This property was listed for sale on July 10, 2024 by Capital Rivers Commercial, it's currently listed at $3,165,000. This listing's school district is Gateway Unified School District. Nearby schools include Great Partnership Special Education Consortium School, Gateway Educational Options and Rocky Point Charter School. 110-140 Masonic Avenue is a 0-bed, 0-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Capital Rivers Commercial, Chris Haedrich, DRE #1484672

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.