0000 Confidential, Redding, CA 96003 (MLS# 20-4914)

$6,500,000

0000 Confidential
Redding, CA 96003
MLS# 20-4914
Status: Closed

1 / 1

Property Description
This offering consists of 6 individual multiplexes totaling 31 units located within an opportunity zone. Profitable cash flow with upside potential on rents. Details will be provided upon providing preapproval and confidentiality agreement.

Details

Address Information

Street Number: 0000

Street Name: Confidential

Cross Street: Various

State/Province: CA

Postal Code: 96003

County: Shasta

Property Description

Current Price: $6,500,000

Type: Residential Income

Area: 01 - NW Redding

List Price: 6500000

Subdivision: N/A

Parcel Number: Various

Lot Dim or Acres: Varies

GP Zone: NOT AVAILABLE

Zoning: RED - RM - Multiple Family Districts

Stories: 2

Year Built Desc: Unknown

Remarks

Directions: Redding, CA

Contract Information

Status: Closed

List Date: 2020-10-07

Sold Date: 2021-02-24

Under Contract Date: 2020-11-11

Sold Price: $6,500,000

Commission SO: 2.5

Commission SO Type: %

Existing Rntl Terms

Lease: 1

Financial Info

Complete Package: Yes

Cap Rate: 6.63

Property Features

Unit Type: 5 or More; Complex

Sub Zoning: Conforming

Exterior: Other

Parking: Assigned; Carport; Off Street; On Street

Unit Description: 1 Bedroom; 2 Bedroom; 3 + Bedroom; Studio

Some Units Include: Air Conditioner; Balcony/Deck; Cable; Patio

Ownership: Seller

Owner Expenses: Bldg/Grnds Mnt; Garbage; Insurance; Real Estate Tax

Tenant Expenses: Cable; Electric; Water

Existing Rntl Terms: Month to Month; Deposit Held

Expense Data Source: Owner

Available Terms: 1031 Required; All Cash to Seller; Cash; Cash to New Loan

Possession: Arrange

Selling Terms: Cash

Listing Office: eXp Realty of California, Inc.

Co Office Name: eXp Realty of California, Inc.

Co Listing Agent: Ginne Mistal

Last Updated: March - 22 - 2021

0000 Confidential, Redding, CA 96003 - MLS# 20-4914

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Information deemed reliable but not guaranteed.