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1129 Magnolia Ave

Redding, CA 96001
  • $425,000
  • STATUS: Active
  • ON SITE: 132 Days
  • ID#: 24-914
UPDATED: 63 min ago
$425,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
N/A
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Description

Property has been upgraded and updated. Seller is ready to negotiate and is offering an additional $4,000 BUYER CREDIT towards any further improvements. The property consist of 3 income streams from 3 separate units providing a Savvy Investor with nearly an 8.5% CAP RATE! Upgrades & improvements include 7 new dual pane windows, Exterior siding repaired/replaced and painted. All new insulation in attic, Roof weatherproofing, New Gutter, New facial boards, flashing, new trims around windows. New concrete patio with drainage, Electrical work, new cables, switches, New Mini-Split AC, outlets and fixtures. Gross Annual Income Exceeds $46,000! Units are 100% Occupied. Walk Into Instant Cash Flow.

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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: 2024-07-18T09:59:27.767.

Licensed in the State of California.
www.searchshasta.com/homes/148374335
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1129 Magnolia Ave Redding, CA 96001

  • Price: $425,000
  • Status: Active
  • On Site: 132 Days
  • Updated: 63 min ago
  • ID#: 24-914
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1925
Built
Neighborhood:
N/A
County:
Shasta
Area:
04 - SW Redding
Property Description
Property has been upgraded and updated. Seller is ready to negotiate and is offering an additional $4,000 BUYER CREDIT towards any further improvements. The property consist of 3 income streams from 3 separate units providing a Savvy Investor with nearly an 8.5% CAP RATE! Upgrades & improvements include 7 new dual pane windows, Exterior siding repaired/replaced and painted. All new insulation in attic, Roof weatherproofing, New Gutter, New facial boards, flashing, new trims around windows. New concrete patio with drainage, Electrical work, new cables, switches, New Mini-Split AC, outlets and fixtures. Gross Annual Income Exceeds $46,000! Units are 100% Occupied. Walk Into Instant Cash Flow.
Exterior Features

Parking Features Off StreetOn Street Stories 2

Interior Features

Unit Description1 Bedroom Yes Unit Description2 Bedroom Yes Unit Description3 Bedroom Yes Unit1 No Baths 1 Unit1 No Bedrooms 2 Unit2 No Baths 1 Unit2 No Bedrooms 1 Unit3 No Baths 1 Unit3 No Bedrooms 3

Property Features

Compensation Disclaimer The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Property Sub Type Residential Income Unit Type Triplex Yes

Listing provided courtesy of Nick Kerley of Realty 110, Inc.: 530-242-4114.


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: 2024-07-18T09:59:27.767.

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