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130 Masonic Ave
Redding, CA 96003

$859,000 USD

Apartments For Sale • 4,648 SF

Property Details

Property Type Apartments
Total Building Size 4,648 SF
Lot Size 0.32 AC
Building Class C
Year Built 1977
Cap Rate 6.35 %
Zoning GC

25 Transit Score

53 Walk Score

                
                    Highlights
                
                                100% occupied 6-plex (all 2 bed/1 bath)
                            
                                Below market rents
                            
                                All HVAC has been replaced throughout with mini-split systems
                            
                                Units 7 & 8 have been fully remodeled
                            
                                Low maintenance with new roof, new paint, new HVAC, and little landscaping

Property Flyers

MasonicAve-Redding_BrochureV2

Financial Summary (Actual)

Net Operating Income: $54,615 USD (2023)

Cap Rate:	6.35 %
Total Expenses:	$22,917 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Redding Amtrak (Coast Starlight - Amtrak)	5 min	-	2.6 mi
Airport	Drive	Walk	Distance
Redding Regional	14 min	-	10.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	10
Type:	Surface
Included in Rent:	Yes

Chris Haedrich 530-226-1160 Capital Rivers Commercial - Haedrich Group

130 Masonic Ave Redding, CA 96003