Listed by Cherrel Kirkland • Kirkland Real Estate Partners
$649,000
Est. payment /mo
Pending
1196 Lancers LN Redding, CA 96003
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Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 26-3349
Year Built 1990
Lot Dimensions 12930 sq ft
Source Shasta Association of REALTORS®
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.
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.
Location
State CA
County Shasta
Direction Churn Creek to Lancers east to property.
Interior
Cooling Central
Exterior
Parking Features Shared Driveway, Off Street
Garage Spaces 4.0
Total Parking Spaces 4
Garage Yes
Building
Building Description Stucco, Stucco
Story 1
Level or Stories 1.0
Structure Type Stucco
Others
Senior Community No
Tax ID 071-034-031
Ownership Seller
Acceptable Financing All Cash to Seller, Cash, Cash to New Loan
Listing Terms All Cash to Seller, Cash, Cash to New Loan
Nearby Locations
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