45
See all 45 photos
Listed by Liudmila D Kovalchuk • Coldwell Banker Select Real Estate - Redding
$425,000
Est. payment /mo
Active
1129 Magnolia AVE Redding, CA 96001
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26-1298
Year Built 1925
Lot Dimensions 5,227
Property Sub-Type Residential Income
Source Shasta Association of REALTORS®
Property Description
Welcome to an exceptional investment opportunity that checks every box: prime location, strong performance, and outstanding long-term potential. This charming, fully rented triplex is ideally situated in a highly desirable Magnolia district, just a short walk from award-winning schools, including University Preparatory and Shasta High schools, and vibrant downtown, offering unmatched convenience to top-rated restaurants, popular shopping destinations, major hospitals and medical offices.
Designed to attract and retain quality tenants, the property benefits from a strong cash flow, consistently low vacancy rates, and an impressive cap rate exceeding 8%, making it a true standout in today's market. Each unit is well-maintained, providing immediate income and peace of mind for investors seeking a turnkey asset.
Whether you're expanding your portfolio or securing your first multi-family investment, this property offers the perfect blend of location, performance, and future appreciation potential. Opportunities like this are rare--don't miss your chance to own a high-performing asset in a prime highly desirable location.
Designed to attract and retain quality tenants, the property benefits from a strong cash flow, consistently low vacancy rates, and an impressive cap rate exceeding 8%, making it a true standout in today's market. Each unit is well-maintained, providing immediate income and peace of mind for investors seeking a turnkey asset.
Whether you're expanding your portfolio or securing your first multi-family investment, this property offers the perfect blend of location, performance, and future appreciation potential. Opportunities like this are rare--don't miss your chance to own a high-performing asset in a prime highly desirable location.
Location
State CA
County Shasta
Direction Eureka way toward Wiskeytown, left on Magnolia, sign.
Interior
Heating Electric
Heat Source Electric
Exterior
Parking Features Off Street, On Street
Building
Story 2
Level or Stories 2.0
Others
Senior Community No
Tax ID 105-280-009-000
Ownership Seller
Acceptable Financing All Cash to Seller, Cash to New Loan
Listing Terms All Cash to Seller, Cash to New Loan
Nearby Locations
GET MORE INFORMATION