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611 Parsons Drive

Redding, CA 96002
  • $490,000
  • STATUS: Pending
  • ON SITE: 33 Days
  • ID#: ML81958608
Pending
UPDATED: 121 min ago
$490,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,072
    SQFT
  • $160
    $/SQFT
Type:
Multi-Family
Built:
1959
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Agent(s): Liz Aguero of eXp Realty of California Inc ((888) 584-942---)


Description

An exceptional investment opportunity awaits with this multi-family residential property, boasting a standalone structure that ensures a positive cash flow. Situated in a prime location, the property offers convenience and accessibility, making it an attractive option for potential renters. Key Features - Positive Cash Flow: The property generates substantial income, exceeding operational costs, resulting in a profitable investment; Great Location: Nestled in a vibrant neighborhood, residents enjoy proximity to essential stores, delightful shopping experiences, and a variety of dining options; Accessibility: Located just minutes away from major highways, this property provides easy access for commuting, travel, and leisure activities. Investment Highlights - High Demand Area: The demand for multi-family homes in this area is on the rise, ensuring consistent occupancy rates; Growth Potential: With the potential for value appreciation and rent increases, investors can look forward to long-term+ financial gains; Community Amenities: Residents benefit from local parks, schools, and community centers, enhancing the living experience and rental appeal.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-24T23:33:49.027. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/148833572
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611 Parsons Drive Redding, CA 96002

  • Price: $490,000
  • Status: Pending
  • On Site: 33 Days
  • Updated: 121 min ago
  • ID#: ML81958608
0
Beds
0
Baths
0
½ Baths
0.34
Acres
3,072
SQFT
$160
$/SQFT
1959
Built
County:
Shasta
Elementary School:
Other
Middle School:
Other
High School:
Other
School District:
Other
Property Description
An exceptional investment opportunity awaits with this multi-family residential property, boasting a standalone structure that ensures a positive cash flow. Situated in a prime location, the property offers convenience and accessibility, making it an attractive option for potential renters. Key Features - Positive Cash Flow: The property generates substantial income, exceeding operational costs, resulting in a profitable investment; Great Location: Nestled in a vibrant neighborhood, residents enjoy proximity to essential stores, delightful shopping experiences, and a variety of dining options; Accessibility: Located just minutes away from major highways, this property provides easy access for commuting, travel, and leisure activities. Investment Highlights - High Demand Area: The demand for multi-family homes in this area is on the rise, ensuring consistent occupancy rates; Growth Potential: With the potential for value appreciation and rent increases, investors can look forward to long-term+ financial gains; Community Amenities: Residents benefit from local parks, schools, and community centers, enhancing the living experience and rental appeal.
Exterior Features

Carport Spaces 0 Foundation Details Slab Parking Total 0 Roof Composition View YN No

Interior Features

Accessibility Features Parking Cooling YN Yes Flooring Carpet Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 9.47 Garage YN Yes Gross Scheduled Income 47220 Insurance Expense 0 Listing Agreement Seller Reserved Listing Service Full Service Maintenance Expense 0 Other Expense 0 Property Sub Type Quadruplex Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 0 Trash Expense 0 Water Source Public Zoning RM-6



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-24T23:33:49.027. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
8577 Haven Ave, Suite 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Liz Aguero of eXp Realty of California Inc ((888) 584-942---)