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Listed by Liudmila D Kovalchuk • Coldwell Banker Select Real Estate - Redding
$ 425,000
Est. payment /mo
Active
1129 Magnolia AVE Redding, CA 96001
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26-1298
Year Built 1925
Lot Dimensions 5,227
Property Sub-Type Residential Income
Source Shasta Association of REALTORS®
Property Description
Welcome to an exceptional investment opportunity that checks every box: prime location, strong performance, and outstanding long-term potential. This charming, fully rented triplex is ideally situated in a highly desirable West Redding area just minutes from vibrant downtown, offering unmatched convenience to top-rated restaurants, popular shopping destinations, reputable schools, major hospitals, and medical offices.
Designed to attract and retain quality tenants, the property benefits from a strong cash flow, consistently low vacancy rates, and an impressive cap rate exceeding 8%, making it a true standout in today's market. Each unit is well-maintained, providing immediate income and peace of mind for investors seeking a turnkey asset.
Whether you're expanding your portfolio or securing your first multi-family investment, this property offers the perfect blend of location, performance, and future appreciation potential. Opportunities like this are rare--don't miss your chance to own a high-performing asset in a prime location.
Designed to attract and retain quality tenants, the property benefits from a strong cash flow, consistently low vacancy rates, and an impressive cap rate exceeding 8%, making it a true standout in today's market. Each unit is well-maintained, providing immediate income and peace of mind for investors seeking a turnkey asset.
Whether you're expanding your portfolio or securing your first multi-family investment, this property offers the perfect blend of location, performance, and future appreciation potential. Opportunities like this are rare--don't miss your chance to own a high-performing asset in a prime location.
Location
State CA
County Shasta
Direction Eureka way, left on Magnolia
Building
Story 2
Level or Stories 2.0
Others
Senior Community No
Tax ID 105-280-009-000
Ownership Seller
Acceptable Financing All Cash to Seller, Cash to New Loan
Listing Terms All Cash to Seller, Cash to New Loan