Active
1040-1054 Gold St
Redding CA, 96001
$1,650,000
Active
Multi-family
Unique Garden Tract investment opportunity in quality location. Currently being offered as a package and prefer to sell concurrently. 7 homes on 2 APN's with potential to add a 14-unit modern apartment complex. Qualified opportunity zone. Gross annual rents $109,080. 1040-1054 Gold is 6 homes on one lot. All are approx. 800 SF, 2bd/1bath w/garage, laundry, fenced yards. Separately metered so tenants pay all their own utilities. Low owner expenses. Newer roofs and windows on all homes. 4 homes have new mini-splits and some recent updating. 2 homes have long-term tenants (10+years) and could command higher rents with some updates. 1110 Gold St is a 2bed/2bath stucco house, 1350 SF, detached garage and large lot with development potential. House was extensively updated in 2012. Current gross rents for the 6 homes on one lot = $90,060/year
($1395/month for the houses that have had light remodeling
$962.50/month for the 2 houses with long term tenants that do not have mini-splits or light remodeling like the others.)
Current pro-forma rent for the single family home at 1110 Gold = $19,200 ($1600/month pro-forma. Actual rent is $1250/month because tenant is a family friend who has done work in exchange for rent)
23-4875
MLSⓇ ID
December 18, 2023
Listed
March 28, 2024
Updated
Map
1040-1054 Gold St
Redding CA, 96001
Other Property Details
Area Name
01 - NW Redding
Days on Market
101
Garage
Yes
Parking
Guest, Off Street
View
No
County
Shasta
Pool
No
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
---|---|---|
3/28/2024 | Price Change | $1,650,000 -3% |
2/13/2024 | Price Change | $1,695,000 -6% |
Listed by Real Brokerage Technologies, Aaron Nelson,
Listing Contact:
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