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Sold on 10/07/2021

4296 Clay St, Redding, CA 96003

  • $2,400,000

    Last sold 10/07/2021 after 108 Days

  • —

    bed

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    bath

Multi-family not for sale
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About 4296 Clay St

Property type Multi-family
Neighborhood
Year built 1983
HOA fee $0/month
Rental estimate
Property description
Now is your rare chance to own a ''turn-key'' 18 Unit Investment Property Located in one of Redding's few 'Opportunity Zones'. True Pride of Ownership has gone into a complete renovation of 16 of the 18 units, Fresh Paint, Carpet, Tile Floors, Remodeled Kitchen with Upgraded Cabinets & Appliances. Each Unit has a ''townhouse'' layout with 2 large bedrooms + 1.5 bathrooms, private fenced yard, assigned covered parking & onsite coin-op laundry room. The Exterior has NEW Roofs, Upgraded Siding, Professional Landscaping with Upgraded Drainage Lines, New Concrete Driveway, Custom Awnings & All New Exterior Paint. At over $182,000 in Gross Annual Income this is a Great Property for the investor looking for Positive Cash Flow with excellent Upside Potential.
Listed by
Listing Agent - Nick R Kerley
Listing Office - Realty 110, Inc.
Source: Shasta Association of REALTORS® mls logo
MLS#21-2901 • last updated 2 years ago
Movoto checked Shasta Association of REALTORS® for data 1 hour ago
Overview
Cooling/AC Central Air
Levels/Style 1
MLS # 21-2901
SubType Residential Income
Status Closed
Year Built 1983
Interior
Exterior
Parking Assigned, Off Street
Location
APN 113-240-004-000
Zoning NOT AVAILABLE
Directions East On Lake Blvd Turn Right On Clay
Multifamily Details
Community Information
Area 1 - NW Redding
Rental est.: $1,400/month
Gross rent multiplier: 154.7
  • 4296 Clay St
    $2.4M
  • Northpoint
    —
  • 96003
    $435K -3% y/y
  • Redding
    $455K 0% y/y
No chart available
Statistics calculated by Movoto

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  • 4296 Clay St
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