140 Masonic Avenue
$914,000
12
6
—
—
—
Description
100% occupied 6-plex for sale in northern Redding, CA with 2 remodeled units, below market rents for the long term tenants, new roof, all new HVAC mini-splits, fresh coat of exterior paint, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $6,820.00/month ($81,840/year), additional laundry income averaging around $1,300/year, and annual expenses coming in around $23,500/year (including a maintenance reserve), the property provides just over a 6.5% cap...100% occupied 6-plex for sale in northern Redding, CA with 2 remodeled units, below market rents for the long term tenants, new roof, all new HVAC mini-splits, fresh coat of exterior paint, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $6,820.00/month ($81,840/year), additional laundry income averaging around $1,300/year, and annual expenses coming in around $23,500/year (including a maintenance reserve), the property provides just over a 6.5% cap rate.
- Listed by Chris Haedrich • DRE #1484672 • Capital Rivers CommercialP: (530)-351-1160 C: (530)-351-1160 chris.h@capitalrivers.com
Property Details for 140 Masonic Avenue
Subdivision Name
N/A
LISTING UPDATED: 12/06/2024 03:45 PM
Property Details for 140 Masonic Avenue
Status | Active |
---|---|
MLS # | 24-3009 |
Days on Compass | 165 |
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 140 Masonic Avenue
Stories2Residences6Year Built1977Building Size-Lot Size0.19 AC / 8,276 SF
Property Information for 140 Masonic Avenue
Property History for 140 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 140 Masonic Avenue
Taxable ValueLand$53,060Additions$206,935Total$259,995
Tax Record2024$2,867 ($239 / month)
Home Facts
Lot Size5,227 SqFtStyleMulti-Family Res (5+ Units)CountySHASTAAPN113-340-008-000
Schools near 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.
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.