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1040-1054 Gold St

Redding, CA 96001
  • $1,695,000
  • STATUS: Active
  • ON SITE: 66 Days
  • ID#: 23-4875
Price Reduced
UPDATED: 59 min ago
$1,695,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Information

Elementary School:

Description

Unique Garden Tract investment opportunity in quality location. Currently being offered as a package and prefer to sell concurrently. 7 homes on 2 APN's with potential to add a 14-unit modern apartment complex. Qualified opportunity zone. Gross annual rents $109,080. 1040-1054 Gold is 6 homes on one lot. All are approx. 800 SF, 2bd/1bath w/garage, laundry, fenced yards. Separately metered so tenants pay all their own utilities. Low owner expenses. Newer roofs and windows on all homes. 4 homes have new mini-splits and some recent updating. 2 homes have long-term tenants (10+years) and could command higher rents with some updates. 1110 Gold St is a 2bed/2bath stucco house, 1350 SF, detached garage and large lot with development potential. House was extensively updated in 2012. Current gross rents for the 6 homes on one lot = $90,060/year ($1395/month for the houses that have had light remodeling $962.50/month for the 2 houses with long term tenants that do not have mini-splits or light remodeling like the others.) Current pro-forma rent for the single family home at 1110 Gold = $19,200 ($1600/month pro-forma. Actual rent is $1250/month because tenant is a family friend who has done work in exchange for rent)

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IDX information © 2024 Shasta Association of Realtors MLS. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2024-02-23T09:59:18.84.

Licensed in the State of California.
www.searchshasta.com/homes/146130819
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1040-1054 Gold St Redding, CA 96001

  • Price: $1,695,000
  • Status: Active
  • On Site: 66 Days
  • Updated: 59 min ago
  • ID#: 23-4875
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Garden Tract
County:
Shasta
Area:
01 - NW Redding
Elementary School:
Not Available
Property Description
Unique Garden Tract investment opportunity in quality location. Currently being offered as a package and prefer to sell concurrently. 7 homes on 2 APN's with potential to add a 14-unit modern apartment complex. Qualified opportunity zone. Gross annual rents $109,080. 1040-1054 Gold is 6 homes on one lot. All are approx. 800 SF, 2bd/1bath w/garage, laundry, fenced yards. Separately metered so tenants pay all their own utilities. Low owner expenses. Newer roofs and windows on all homes. 4 homes have new mini-splits and some recent updating. 2 homes have long-term tenants (10+years) and could command higher rents with some updates. 1110 Gold St is a 2bed/2bath stucco house, 1350 SF, detached garage and large lot with development potential. House was extensively updated in 2012. Current gross rents for the 6 homes on one lot = $90,060/year ($1395/month for the houses that have had light remodeling $962.50/month for the 2 houses with long term tenants that do not have mini-splits or light remodeling like the others.) Current pro-forma rent for the single family home at 1110 Gold = $19,200 ($1600/month pro-forma. Actual rent is $1250/month because tenant is a family friend who has done work in exchange for rent)
Exterior Features

Garage YN Yes Parking Features GuestOff Street Stories 1 Unit1 Parking garage + off street Unit1 Stories 1 Unit2 Parking garage + 2 spaces Unit3 Parking garage+2 spaces Unit3 Stories one Unit4 Stories one Unit5 Parking garage+2 spaces Unit6 Parking garage + 2 spaces Unit7 Parking off street

Interior Features

All Units Include Storage Yes Unit Description2 Bedroom Yes Unit1 No Baths 1 Unit1 No Bedrooms 2 Unit1 Sq Ft 800 Unit2 No Baths 1 Unit2 No Bedrooms 2 Unit2 Sq Ft 800 Unit3 No Baths 1 Unit3 No Bedrooms 2 Unit3 Sq Ft 800 Unit4 No Baths 1 Unit4 No Bedrooms 2 Unit4 Sq Ft 800 Unit5 No Baths 1 Unit5 No Bedrooms 2 Unit5 Sq Ft 800 Unit6 No Baths 1 Unit6 No Bedrooms 2 Unit6 Sq Ft 800 Unit7 No Baths 2 Unit7 No Bedrooms 2 Unit7 Sq Ft 1350

Property Features

Compensation Buyer Agency 2.5 Compensation Disclaimer The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Construction Materials Stucco Listing Terms Cash Ownership Seller Property Sub Type Residential Income Unit Type Five Or More Yes

Listing provided courtesy of Aaron Nelson of Real Brokerage Technologies: 619-248-6434.


IDX information © 2024 Shasta Association of Realtors MLS. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2024-02-23T09:59:18.84.

Licensed in the State of California.
 
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Wise House Realty | United Realty Group
1823 Court St.
Redding CA, 96003