130 Masonic Avenue
$859,000
12
6
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Description
100% occupied 6-plex for sale in northern Redding, CA with 2 remodeled units, below market rents for the long term tenants, all new HVAC mini-splits, new roof, fresh coat of exterior paint, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $6,461.00/month ($77,532/year) and annual expenses coming in around $23,000/year (including a maintenance reserve), the property provides just over a 6.35% cap rate. And with Bethel School/Church just 1.8 miles to...100% occupied 6-plex for sale in northern Redding, CA with 2 remodeled units, below market rents for the long term tenants, all new HVAC mini-splits, new roof, fresh coat of exterior paint, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $6,461.00/month ($77,532/year) and annual expenses coming in around $23,000/year (including a maintenance reserve), the property provides just over a 6.35% 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 130 Masonic Avenue
Subdivision Name
N/A
LISTING UPDATED: 10/04/2024 01:57 PM
Property Details for 130 Masonic Avenue
Status | Active |
---|---|
MLS # | 24-2994 |
Days on Compass | 123 |
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 130 Masonic Avenue
Stories2Residences6Year Built1977Building Size-Lot Size0.19 AC / 8,276 SF
Property Information for 130 Masonic Avenue
Property History for 130 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 130 Masonic Avenue
Taxable ValueLand$79,590Additions$211,365Total$290,955
Tax Record2024$3,271 ($273 / month)
Home Facts
Total Finished SqFt4,648 SqFtAbove Grade Finished SqFt4,648 SqFtStories2Lot Size8,276 SqFtStyleMulti-Family Res (5+ Units)Year Built1977CountySHASTAAPN113-410-010-000
Schools near 130 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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