1925 Eureka Way - Apartments FOR SALE


Redding, CA 96001
$1,100,000 USD
530-780-6181
1925 Eureka Way, Redding, CA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

1925 Eureka Way
Redding, CA 96001


OVERVIEW

Multi-Family Investment Opportunity! Exceptional income-producing property featuring 4 adjoining parcels with a total of 12 rental units plus a profitable self-serve carwash. This versatile investment offers significant upside potential and strong cash-flow opportunities. The property includes mixed units consisting of: 1 three-bedroom unit 2 two-bedroom units 5 one-bedroom units 4 studio apartments This well-balanced combination appeals to a wide range of tenants and supports consistent occupancy. Many of the rental units have undergone recent renovations, while current rents remain slightly below market value, creating room for future income growth. Complex also includes Laundry room. Carwash The 2-bay coin-operated self-service carwash has an established customer base and provides additional income potential. Ideally situated in the highly desirable Magnolia District. The property is within walking distance to Downtown Redding Market, the RABA Depot, the YMCA, Shasta High School, and County Courthouse/Offices. It is also within proximity of the City of Redding's proposed Butte Street Boogie Project. This is a project planned improve and enhance the walkability and biking access that will connect downtown to the Sacramento River Trail. Making this an ideal location to that promotes a more active and robust lifestyle. Additional highlights include separately metered units for added management efficiency and tenant convenience.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$138 USD /SF

# OF UNITS

11

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

-

APN/PARCEL ID

105-410-003-000,105-410-004-000,105-410-005-000,105-410-011-000

ASK ABOUT THIS PROPERTY

Kenneth MarshallEstate Realty CaliforniaMore Info
530-780-6181

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Kenneth MarshallEstate Realty CaliforniaMore Info
530-780-6181

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.