100% occupied 5-plex for sale in northern Redding, CA with long term tenants, below market rents, all new HVAC mini-splits, brand new roof, freshly painted exterior, and close proximity to shopping, transportation, and schools. With current gross monthly rents at $5,943.00/month ($68,316.00/year), laundry income averaging around $3,000/year, and annual expenses coming in around $27,875/year (including a maintenance reserve), the property provides just over a 6.1% cap rate. Property includes laundry room with laundry income. Unit 5 interior has been fully remodeled and unit 3 is a 2-story 3 bedroom/2.5 bath apartment with indoor laundry.
Highlights
- 100% occupied 5-plex (with one 3 bedroom/2.5 bath unit)
- Below market rents
- All HVAC has been replaced throughout with mini-split systems
- Unit 5 is fully remodeled
- Includes income from onsite laundry
- Low maintenance with new roof, new paint, new HVAC, and little landscaping
Sold for $716,000
Zillow last checked:
Listing updated:
Bought with:
NON MEMBER
Non Member
Source: SMLS,MLS#: 24-2993
Price history
| Date | Event | Price |
|---|---|---|
| 5/19/2025 | Sold | $716,000+0.7% |
Source:  SMLS #24-2993 Report a problem | ||
| 12/6/2024 | Pending sale | $711,000 |
Source: SMLS #24-2993 Report a problem | ||
| 8/5/2024 | Price change | $711,000-4.7% |
Source: SMLS #24-2993 Report a problem | ||
| 7/9/2024 | Listed for sale | $746,000 |
Source: SMLS #24-2993 Report a problem | ||
Sell for more on Zillow
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$713,000
2% more
+$14,260
With Zillow Showcase(estimated)
$727,260
