2250 Suzette Ave - Apartments FOR SALE


Redding, CA 96002
$935,000 USD
530-242-4114
2250 Suzette Ave, Redding, CA for Sale
$935,000 USD
Apartments - FOR SALE
1/15
null | 7.25% Cap Rate

2250 Suzette Ave
Redding, CA 96002


HIGHLIGHTS

  • Nearly $90,000 in Gross Annual Income
  • Offers a 7.25% CAP
  • Excellent Upside on Rents!
  • Great Location!

OVERVIEW

Excellent opportunity to acquire a well-maintained multifamily property in a strong rental pocket of East Redding. Situated on one parcel, 2250 Suzette Avenue features three separate duplex buildings for a total of six residential units, offering investors the attractive combination of stable income, functional unit design, tenant demand, and long-term upside. Each unit features a desirable 2 bedroom, 1.5 bath layout with an attached garage, private yard space, and a residential feel that is difficult to find in many apartment-style investments. The larger yards and garage parking help create strong tenant appeal, contributing to historically low vacancy and quick re-rental when a unit does become available. The property is currently fully occupied and produces nearly $90,000 in gross annual income. Based on the current list price, the property offers an estimated 7.25% CAP rate, making this a compelling opportunity for investors seeking immediate cash flow in the Redding multifamily market. The current ownership has maintained the property over the years, with the roofs replaced approximately 10 years ago and ongoing maintenance addressed as needed. With six income-producing units, a strong rental history, and a practical East Redding location near shopping, services, schools, medical, and major transportation corridors, this asset is well positioned for both current income and long-term hold potential. Opportunities to purchase multiple duplex buildings on one parcel are limited in the Redding market. Suzette Avenue offers the rare blend of stable occupancy, tenant-friendly layouts, private yards, attached garages, and attractive income fundamentals.

FOR SALE DETAILS

PRICE

$935,000 USD

PRICE/SF

$161 USD /SF

# OF UNITS

6

PRICE/UNIT

$155,833

CAP RATE

7.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Suzette Avenue 6 Units

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

PARKING SPACES

6

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

R-2

APN/PARCEL ID

110-040-072-000

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.