Listing Courtesy of: Nick Kerley - Realty 110, Inc.
530-242-4114
$425,000
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1129 Magnolia Ave Redding, CA 96001
Multi-Family
Residence
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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 inc...lude 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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MLS#
24-914
Property Type
Multi-Family
Year Built
1925
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