4296 Clay St, Redding, CA 96003 (MLS# 21-2901)

$2,400,000

4296 Clay St
Redding, CA 96003
MLS# 21-2901
Status: Closed

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Property Description
Now is your rare chance to own a ''turn-key'' 18 Unit Investment Property Located in one of Redding's few 'Opportunity Zones'. True Pride of Ownership has gone into a complete renovation of 16 of the 18 units, Fresh Paint, Carpet, Tile Floors, Remodeled Kitchen with Upgraded Cabinets & Appliances. Each Unit has a ''townhouse'' layout with 2 large bedrooms + 1.5 bathrooms, private fenced yard, assigned covered parking & onsite coin-op laundry room. The Exterior has NEW Roofs, Upgraded Siding, Professional Landscaping with Upgraded Drainage Lines, New Concrete Driveway, Custom Awnings & All New Exterior Paint. At over $182,000 in Gross Annual Income this is a Great Property for the investor looking for Positive Cash Flow with excellent Upside Potential.

Details

Address Information

Street Number: 4296

Street Name: Clay St

Cross Street: Lake Blvd

State/Province: CA

Postal Code: 96003

County: Shasta

Property Description

Current Price: $2,400,000

Type: Residential Income

Area: 01 - NW Redding

List Price: 2599000

Subdivision: N/A

Parcel Number: 113-240-004-000

Lot Dim or Acres: 39,159

GP Zone: NOT AVAILABLE

Zoning: NOT AVAILABLE

Stories: 1

Year Built: 1983

Year Built Desc: 30+

Remarks

Directions: East on Lake Blvd turn right on Clay

Contract Information

Status: Closed

List Date: 2021-06-21

Sold Date: 2021-10-07

Under Contract Date: 2021-08-18

Sold Price: $2,400,000

Commission SO: 2.5

Commission SO Type: %

Property Features

Unit Type: 5 or More

Parking: Assigned; Off Street

Unit Description: 2 Bedroom

All Units Include: Air Conditioner; Cable; Patio

Cooling: Central

Miscellaneous: Laundry in Complex

Ownership: Seller

Owner Expenses: Garbage; Management; Water

Tenant Expenses: Cable; Electric

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

Possession: Close of Escrow

Photo: Agent Upload

Selling Terms: Conventional

Listing Office: Realty 110, Inc.

Last Updated: January - 16 - 2024

4296 Clay St, Redding, CA 96003 - MLS# 21-2901

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.