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Listed by Erin K Richart • Shasta Sotheby's International Realty
$ 924,500
Est. payment /mo
New
1114 Orange AVE Redding, CA 96001
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26-4036
Year Built 1973
Lot Dimensions .19
Source Shasta Association of REALTORS®
Property Description
Excellent investment opportunity featuring a well-maintained 6-unit apartment complex in a prime location convenient to schools, shopping, and downtown. The property is fully leased and offers a desirable unit mix of four 2-bedroom/1-bath units and two 3-bedroom/1-bath units.
Recent improvements include a new roof, fresh exterior paint and newly rebuilt stairs and balcony, helping reduce maintenance concerns for the next owner. Each unit features an open floor plan, spacious kitchen, and dedicated covered parking.
With over $78,000 in annual gross income, this turnkey multifamily property still has room for growth. This provides an attractive opportunity for an investor seeking an established income-producing asset with a strong unit mix and convenient location. A solid addition to any portfolio with key property improvements already completed.
Recent improvements include a new roof, fresh exterior paint and newly rebuilt stairs and balcony, helping reduce maintenance concerns for the next owner. Each unit features an open floor plan, spacious kitchen, and dedicated covered parking.
With over $78,000 in annual gross income, this turnkey multifamily property still has room for growth. This provides an attractive opportunity for an investor seeking an established income-producing asset with a strong unit mix and convenient location. A solid addition to any portfolio with key property improvements already completed.
Location
State CA
County Shasta
Direction Eureka Way to Orange Ave.
Interior
Cooling Window
Exterior
Parking Features Attached Carport
Garage Spaces 6.0
Total Parking Spaces 6
Building
Story 2
Level or Stories 2.0
Others
Senior Community No
Tax ID 105-050-002-000
Acceptable Financing All Cash to Seller, Cash to New Loan
Listing Terms All Cash to Seller, Cash to New Loan