• 611 Parsons Drive Redding, CA 96002

  • $490,000
  • 0
    Bed(s)
  • 0
    Baths
  • 3,072
    Sq Ft
  • 14810
    Sqft
  • Listed By: Liz Aguero, eXp Realty of California Inc, DRE #01829079
  • Source: CRMLS

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.

Property Type :

Residential Income

County :

Shasta

Style :

Residential Income

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Unit No Unit Key Total Bath Total Bed Full Bath Half Bath
1 1064689924 0 2 0 0
2 1064689924 0 2 0 0
3 1064689924 0 2 0 0
4 1064689924 0 2 0 0

Property Details

 

Bathroom Information

Total Baths: 0

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Interior Features

Roof : Composition

Flooring: Carpet

Cooling Features

Air Conditioning

Heating Source

Wall Furnace

Has Heating

Building Information

Year Built: 1959

Building Area Total: 3,072

Roof: Composition

Foundation

Slab

Accessibility Features

Parking

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.34

Lot Size Source: Other

Lot Size Square Feet: 14810

Listing Price Information

Original List Price: 490,000

Listing Contract Date: 2024-03-22

Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 107490019000

Garage and Parking

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Pending

Source Neighborhood:

Directions: Cross Street: Bechelli Lane

Zoning: RM-6

Source Property Type: Residential Income

Property SubType: Quadruplex

Building and Construction

Property Age: 65

Structure Type: Quadruplex

Year Built Source: Other

Total Square Feet Living: 3072

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Amigo Way, Redding, CA,96002 $425,000 4 2 1,743 --
6314 Quail Creek Road, Redding, CA,96002 $2,650,000 4 3 3,628 182952 Sqft

Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 05/02/2024 @ 07:31

MLS: ML81958608
LISTED BY: Liz Aguero, eXp Realty of California Inc
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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