2230 El Reno Ln - Apartments FOR SALE


Redding, CA 96001
$1,050,000 USD
530-242-4114
2230 El Reno Ln, Redding, CA for Sale
$1,050,000 USD
Apartments - FOR SALE
1/26
null | 7.06% Cap Rate

2230 El Reno Ln
Redding, CA 96001


OVERVIEW

Excellent opportunity to acquire a high-performing residential income property featuring 8 detached homes on one parcel. The El Reno Cottages are currently fully occupied and generating over $99,000 in gross annual income, providing a 7.06% CAP rate with strong, consistent cash flow. The property has undergone extensive recent improvements, making it a desirable low-maintenance investment. Updates include newer roofs, updated siding on several units, fresh exterior paint, upgraded interiors, and dual-pane windows. The homes are well maintained and designed for long-term durability while helping keep operating expenses manageable. Each unit offers tenants the privacy and appeal of separate homes rather than traditional apartment units, which has helped support stable occupancy and tenant retention. The property also features low-maintenance landscaping, further reducing ongoing landlord responsibilities. Located in a convenient area with quick access to shopping, schools, parks, and transportation, the property continues to attract steady rental demand. Opportunities to own multiple standalone homes producing strong income on a single parcel are rare, making this a compelling option for investors seeking stable returns and long-term rental demand.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$162 USD /SF

# OF UNITS

8

PRICE/UNIT

$131,250

CAP RATE

7.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,521 SF

ZONING

RS

APN/PARCEL ID

108-100-006-000

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 Notice.