2164-2176 Placer St - Apartments FOR SALE


Redding, CA 96001
$856,000 USD
530-242-4114
2164-2176 Placer St, Redding, CA for Sale
$856,000 USD
Apartments - FOR SALE
1/30
null | 6.68% Cap Rate

2164-2176 Placer St
Redding, CA 96001


HIGHLIGHTS

  • Motivated Seller!
  • HUGE Upside with Short-Term Rentals
  • Priced Over $100,000 below 2024 Appraisal

OVERVIEW

HUGE Price reduction! Over $100,000 below previous appraised value! Opportunity is knocking and the savvy investor is going to jump on this rare chance to own a distinctive multi-family property right in the heart of downtown Redding. This fully updated property features four turn-key apartments with covered parking, plus a charming 3-bedroom, 1-bath home. Live in the house while generating rental income from the apartments, or lease all units for maximum cash flow. Thoughtfully renovated inside and out with modern finishes and new windows, this income-producing property is currently fully occupied with room for upside potential CASH FLOW! Options include Short-Term Rental (AirBnB) or Traveling Nurses/Medical Professionals.

FOR SALE DETAILS

PRICE

$856,000 USD

PRICE/SF

$190 USD /SF

# OF UNITS

5

PRICE/UNIT

$171,200

CAP RATE

6.68%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1936

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

5-12 family units

APN/PARCEL ID

105-340-009-000

ASK ABOUT THIS PROPERTY

Nick KerleyREALTY110,INC.More Info
530-242-4114

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Nick KerleyREALTY110,INC.More Info
530-242-4114

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