REDDING 4 PLEX 100% Occupied with a 8% CAP RATE - Features: a 3 Bedroom + 1 Bath Home with in-door laundry room that was Built in 2006, Plus another Large 2 Bedroom + 1 Bath Home with in-door laundry room, Plus a duplex with a 2+1 unit & a 1+1 unit. This 1/3 acre lot sits right in the heart of the City's Multimillion Dollar DownTown Revitalization Project. 3 of the 4 units have been updated with either newer roof, newer flooring, newer windows & HVAC systems. The 4th unit has a long term tenant in good standing, and when he moves the house will need some TLC. The future owner can take advantage of this Added Value opportunity. In return the Seller is willing to let this investment property go with an 8% CAP RATE, which is way above today's average return for similar properties. CALL TODAY
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
