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Listed by Liudmila D Kovalchuk • Coldwell Banker Select Real Estate - Redding
$ 385,000
Est. payment /mo
New
1129 Magnolia AVE Redding, CA 96001
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26-5447
Year Built 1925
Lot Dimensions 5,227
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, 6 bedrooms, 3 bathrooms, fully rented triplex is ideally situated in a highly desirable Magnolia district, just a short walk from award-winning schools, including University Preparatory and Shasta High schools, and vibrant downtown, offering unmatched convenience to top-rated restaurants, popular shopping destinations, 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, making it a true standout in today's market.
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 highly desirable 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, making it a true standout in today's market.
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 highly desirable location.
Location
State CA
County Shasta
Direction Eureka Way toward west, left on Magnolia St.
Interior
Heating Electric
Heat Source Electric
Exterior
Parking Features Shared Driveway, Off Street, On Street
Building
Story 2
Level or Stories 2.0
Others
Senior Community No
Tax ID 105-280-009-000
Ownership Seller