Three separate duplex buildingsTenant-friendly layoutsLarger yardsPrivate yard spaceAttached garageGarage parking
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.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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