120 Masonic Avenue
$711,000
11
6
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Description
100% occupied 5-plex for sale in northern Redding, CA with long term tenants, below market rents, all new HVAC mini-splits, brand new roof, freshly painted exterior, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $5,943.00/month ($68,316.00/year), laundry income averaging around $3,000/year, and annual expenses coming in around $27,875/year (including a maintenance reserve), the property provides just over a 6.1% cap rate. And with Bethel School/Church...100% occupied 5-plex for sale in northern Redding, CA with long term tenants, below market rents, all new HVAC mini-splits, brand new roof, freshly painted exterior, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $5,943.00/month ($68,316.00/year), laundry income averaging around $3,000/year, and annual expenses coming in around $27,875/year (including a maintenance reserve), the property provides just over a 6.1% 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 120 Masonic Avenue
Subdivision Name
N/A
LISTING UPDATED: 10/04/2024 01:57 PM
Property Details for 120 Masonic Avenue
Status | Active |
---|---|
MLS # | 24-2993 |
Days on Compass | 136 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Residential Income |
Year Built | 1977 |
Lot Size | 0.19 AC / 8,276 SF |
County | Shasta County |
Building Information for 120 Masonic Avenue
Stories2Residences5Year Built1977Building Size-Lot Size0.19 AC / 8,276 SF
Property Information for 120 Masonic Avenue
Property History for 120 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.
Public Records for 120 Masonic Avenue
Taxable ValueLand$106,120Additions$353,768Total$459,888
Tax Record2024$5,094 ($424 / month)
Home Facts
Baths1Total Finished SqFt4,768 SqFtAbove Grade Finished SqFt4,768 SqFtStories2Lot Size8,276 SqFtStyleMulti-Family Res (5+ Units)Year Built1977CountySHASTAAPN113-410-021-000
Schools near 120 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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