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Listed by Kenneth A Marshall • Northstate Real Estate Professionals
$1,100,000
Est. payment /mo
New
1933 Eureka WAY Redding, CA 96001
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26-2214
Year Built 1948
Lot Dimensions 0.67
Source Shasta Association of REALTORS®
Property Description
Multi-Family Investment Opportunity!
Exceptional income-producing property featuring 4 adjoining parcels with a total of 12 rental units plus a profitable self-serve carwash. This versatile investment offers significant upside potential and strong cash-flow opportunities.
The property includes mixed units consisting of:
1 three-bedroom unit
2 two-bedroom units
5 one-bedroom units
4 studio apartments
This well-balanced combination appeals to a wide range of tenants and supports consistent occupancy. Many of the rental units have undergone recent renovations, while current rents remain slightly below market value, creating room for future income growth. Complex also includes Laundry room.
Carwash
The 2-bay coin-operated self-service carwash has an established customer base and provides additional income potential.
Ideally situated in the highly desirable Magnolia District. The property is within walking distance to Downtown Redding Market, the RABA Depot, the YMCA, Shasta High School, and County Courthouse/Offices. It is also within proximity of the City of Redding's proposed Butte Street Boogie Project. This is a project planned improve and enhance the walkability and biking access that will connect downtown to the Sacramento River Trail. Making this an ideal location to that promotes a more active and robust lifestyle.
Additional highlights include separately metered units for added management efficiency and tenant convenience.
Exceptional income-producing property featuring 4 adjoining parcels with a total of 12 rental units plus a profitable self-serve carwash. This versatile investment offers significant upside potential and strong cash-flow opportunities.
The property includes mixed units consisting of:
1 three-bedroom unit
2 two-bedroom units
5 one-bedroom units
4 studio apartments
This well-balanced combination appeals to a wide range of tenants and supports consistent occupancy. Many of the rental units have undergone recent renovations, while current rents remain slightly below market value, creating room for future income growth. Complex also includes Laundry room.
Carwash
The 2-bay coin-operated self-service carwash has an established customer base and provides additional income potential.
Ideally situated in the highly desirable Magnolia District. The property is within walking distance to Downtown Redding Market, the RABA Depot, the YMCA, Shasta High School, and County Courthouse/Offices. It is also within proximity of the City of Redding's proposed Butte Street Boogie Project. This is a project planned improve and enhance the walkability and biking access that will connect downtown to the Sacramento River Trail. Making this an ideal location to that promotes a more active and robust lifestyle.
Additional highlights include separately metered units for added management efficiency and tenant convenience.
Location
State CA
County Shasta
Direction West Eureka Way, just past Court St. Carwash across from Subway sandwich shop.
Interior
Cooling Window, Evaporative
Exterior
Parking Features Not Assigned, Off Street, On Street
Building
Building Description Shingle Siding,Stucco,Wood Siding, Shingle Siding,Stucco,Wood Siding
Story 2
Level or Stories 2.0
Structure Type Shingle Siding,Stucco,Wood Siding
Others
Senior Community No
Tax ID 105-410-011-000
Acceptable Financing All Cash to Seller
Listing Terms All Cash to Seller
Special Listing Condition Owner RE Licensee
Nearby Locations
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