Movoto Real Estate

1196 Lancers Ln, Redding, CA 96003

  • $649,000

  • bed

  • bath

Multi-family for sale 2 hours
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About 1196 Lancers Ln

Property type Multi-family
Neighborhood
Year built 1990
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
Prime Investment Opportunity: Turnkey, Low-Maintenance Fourplex Centrally located with exceptional access to premier shopping, dining, and local amenities, this well-maintained fourplex offers an outstanding addition to any investment portfolio. Each of the four expansive, 1,200-square-foot units features a highly desirable 2-bedroom, 1.5-bathroom layout designed for comfortable modern living. Attached garages provide tenants with highly sought-after privacy, security, and additional storage. The property is engineered for low-overhead management, boasting a durable stucco exterior, a recently replaced roof, and a low-maintenance yard that minimizes ongoing upkeep costs. Enjoy immediate, reliable cash flow with strong tenant history: the building is fully occupied, featuring a stable mix of two long-term residents and two recently executed newer leases. Generating $63,000 in annual gross rental income, this asset represents a secure, high-performing investment in a high-demand rental market.
Listed by
Listing Agent - Cherrel Kirkland
Listing Office - Kirkland Real Estate Partners
Source: Shasta Association of REALTORS® mls logo
MLS#26-3349 • last updated 2 hours ago
Movoto checked Shasta Association of REALTORS® for data 13 minutes ago
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Overview
Cooling/AC Central
Levels/Style 1
MLS # 26-3349
Status Active
Year Built 1990
Interior
Exterior
Construction Stucco
# of Parking Spaces 4
Parking Shared Driveway, Off Street
Location
APN 071-034-031
Zoning RED - R-4 - Multiple Family Res Dist
Directions Churn Creek To Lancers East To Property.
Multifamily Details
Total # of Units 4
Community Information
Area 2 - NE Redding
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