110-140 Masonic Avenue
$3,165,000
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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.
- Listed by Chris Haedrich • DRE #1484672 • Capital Rivers CommercialP: (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
Status | Active |
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MLS # | 24-3016 |
Days on Compass | 122 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Residential Income |
Year Built | - |
Lot Size | 0.76 AC / 33,105 SF |
County | Shasta 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
Property History for 110-140 Masonic Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 |
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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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