110 Masonic Avenue
$681,000
6
6
—
—
—
Description
All units are 1 bed 1 bath. 100% occupied 6-plex for sale in northern Redding, CA with long term tenants, below market rents, all new HVAC mini-splits, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $5,221.00/month ($62,652/year) and annual expenses coming in around $21,280/year (including a maintenance reserve), the property provides just over a 6.0% cap rate. And with Bethel School/Church just 1.8 miles to the east and a new sidewalk & bike path...All units are 1 bed 1 bath. 100% occupied 6-plex for sale in northern Redding, CA with long term tenants, below market rents, all new HVAC mini-splits, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $5,221.00/month ($62,652/year) and annual expenses coming in around $21,280/year (including a maintenance reserve), the property provides just over a 6.0% cap rate. And with Bethel School/Church just 1.8 miles to the east and a new sidewalk & bike path under construction, the property is literally within walking distance to Bethel, Simpson University, and Shasta College, providing a constant supply of quality tenants and high apartment demand.
- Listed by Chris Haedrich • DRE #1484672 • Capital Rivers CommercialP: (530)-351-1160 C: (530)-351-1160 chris.h@capitalrivers.com
Property Details for 110 Masonic Avenue
Subdivision Name
N/A
LISTING UPDATED: 10/04/2024 01:57 PM
Property Details for 110 Masonic Avenue
Status | Active |
---|---|
MLS # | 24-2990 |
Days on Compass | 122 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Residential Income |
Year Built | 1978 |
Lot Size | 0.19 AC / 8,276 SF |
County | Shasta County |
Building Information for 110 Masonic Avenue
Stories2Residences6Year Built1978Building Size-Lot Size0.19 AC / 8,276 SF
Property Information for 110 Masonic Avenue
Property History for 110 Masonic Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 110 Masonic Avenue
Taxable ValueLand$106,120Additions$375,852Total$481,972
Tax Record2024$5,343 ($445 / month)
Home Facts
Baths6Total Finished SqFt3,456 SqFtAbove Grade Finished SqFt3,456 SqFtStories2Lot Size8,276 SqFtStyleMulti-Family Res (5+ Units)Year Built1978CountySHASTAAPN113-410-020-000
Schools near 110 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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.