1051 Washington Street

Description

Rare opportunity to acquire a 7-unit apartment building in the heart of downtown Red Bluff. Originally constructed in 1915, this income-producing property offers approximately 4,374 square feet of living space on an 8,700± square foot city lot. The unit mix consists of 2 studios, 2 one-bedroom/one bathroom, and 3 two-bedroom/one bathroom apartments, providing a variety of housing options and broad tenant appeal. Many of the units are currently furnished, presenting a unique opportunity for an investor to continue traditional long-term rentals, pursue mid-term housing, or establish a turnkey short-term rental operation, subject to local regulations and licensing requirements. Individual gas and electric metering helps minimize owner utility expenses, while the on-site laundry facility provides added convenience for residents and guests alike. Located within walking distance of downtown shopping, restaurants, services, and community amenities, the property benefits from a highly accessible in-town location. Its established rental history, diverse unit mix, and flexibility for multiple rental strategies make it an attractive addition to an investment portfolio. Whether you're seeking stable cash flow, value-add potential, or the opportunity to capitalize on furnished rental demand, 1051 Washington Street offers versatility and income potential in one of Red Bluff's most convenient locations. This is a rare chance to acquire a multi-unit property with historic character, strong occupancy appeal, and multiple paths for future growth.