$517,500
Redding, CA 96002
MLS# 16-5359
Status: Closed
1 / 13
Property Description
Great investment opportunity 5 single family homes on one lot. Excellent long term tenants. All utilities paid by tenants. Low maintenance. Owner has put tile floors in 4 of the houses. Convieniently located close to schools, shopping and freeway access. There is room for a rent increase. So many possibilities, live in one and rent the rest. Don't miss this opportunity! Se habla Español llamame.
Details
Address Information
Cross Street: Churn Creek
Street Number: 3601
Street Name: ECHO RD
State/Province: CA
Postal Code: 96002
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 559000
Parcel Number: 068-520-051
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 30+
Stories: 1
Current Price: $517,500
Area: 03 - SE Redding
Subdivision: N/A
Remarks
Public Remarks: Great investment opportunity 5 single family homes on one lot. Excellent long term tenants. All utilities paid by tenants. Low maintenance. Owner has put tile floors in 4 of the houses. Convieniently located close to schools, shopping and freeway access. There is room for a rent increase. So many possibilities, live in one and rent the rest. Don't miss this opportunity! Se habla Español llamame.
Directions: South on Churn Creek, left on Echo, right on Echo.
Unit Type
5 or More: 1
Exterior
Stucco: 1
Parking
Garage: 1
Carport: 1
Miscellaneous
Smoke Detectors: 1
Heating
Forced Air: 1
Furnace Wall: 1
Gas: Natural
Cooling
Evaporative: 1
Available Terms
1031 Required: 1
All Cash to Seller: 1
Cash: 1
Cash to New Loan: 1
Possession
Close of Escrow: 1
Selling Terms
Cash: 1
Owner Expenses
Insurance: 1
Management: 1
Financial Info
Gross Income $: 48000
GRM: 11.6
Tenant Expenses
Electric: 1
Garbage: 1
Gas: 1
Water: 1
Unit 1
Unit #: 3601
# Bedrooms: 3
# Baths: 2
Rent: 950
Parking: Garage
Unit 2
Unit #: 3603
# Bedrooms: 2
Rent: 700
Parking: Carport
Unit 3
Unit #: 3605
# Bedrooms: 2
# Baths: 1
Rent: 700
Parking: Carport
Unit 4
Unit #: 3607
# Bedrooms: 2
# Baths: 1
Rent: 700
Parking: Carport
Unit 5
Unit #: 3611
# Bedrooms: 3
# Baths: 2
Rent: 950
Parking: Garage
Contract Information
Status: Closed
List Date: 2016-11-07
Sold Date: 2016-12-27
Under Contract Date: 2016-11-18
Sold Price: $517,500
Property Features
Unit Type: 5 or More
Exterior: Stucco
Parking: Garage; Carport
Heating: Forced Air; Furnace Wall
Cooling: Evaporative
Miscellaneous: Smoke Detectors
Owner Expenses: Insurance; Management
Tenant Expenses: Electric; Garbage; Gas; Water
Available Terms: 1031 Required; All Cash to Seller; Cash; Cash to New Loan
Possession: Close of Escrow
Selling Terms: Cash
IDX
Listing Office: Banner Real Estate
Last Updated: August - 30 - 2024
Information deemed reliable but not guaranteed.
