$500,000
$490,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
611 Parsons DR Redding, CA 96002
3,072 SqFt
Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,072 sqft
Price per Sqft $162
MLS Listing ID ML81958608
Sold Date 05/10/24
HOA Y/N No
Year Built 1959
Lot Size 0.340 Acres
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.
Location
State CA
County Shasta
Zoning RM-6
Interior
Heating Wall Furnace
Flooring Carpet
Fireplace No
Exterior
Garage Spaces 4.0
Garage Description 4.0
View Y/N No
Roof Type Composition
Accessibility Parking
Building
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
School District Other
Others
Tax ID 107490019000
Financing Conventional
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Liz Aguero • eXp Realty of California Inc