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140 Masonic Ave
Redding, CA 96003

$914,000 USD

Apartments For Sale  •  4,768 SF

Property Details

• Property Type Apartments
• Total Building Size 4,768 SF
• Lot Size 0.12 AC
• Building Class C
• Year Built 1977
• Cap Rate 6.52 %
• 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 2, 5 & 6 have been fully remodeled

Truly low maintenance with new roof, paint, HVAC and little landscaping

Property Flyers

MasonicAve-Redding_BrochureV2

Financial Summary (Actual)

Net Operating Income: $59,623 USD (2023)

Cap Rate:	6.52 %
Total Expenses:	$23,517 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Redding Amtrak (Coast Starlight - Amtrak)	5 min	-	2.7 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