= Required Field.

Already a Member?

Email Address:

Password:

Re-Enter Password:

First Name:

Last Name:

Country:

Zip/Postal Code:

Ext.

Day Phone:

Yes, I want to receive LoopNet's weekly newsletter "LoopNews" and information about LoopNet promotions and special offers.

No Thanks.

By clicking the button above, you are indicating that you have read, understood, and agree to LoopNet's Terms and Conditions.

We will NOT share your email address.
View Our Privacy Policy.

Welcome to LoopNet! Check out the listing below or search over 725,000 other listings.

Select a Property Type

You may enter a US or Canadian location in the following formats:

Zip Code
City, State
State

For additional search options, go to Advanced Search Advanced Search Advanced Search.

e.g. Los Angeles, CA or 91016

Advanced Search

Browse More Listings in Multifamily For Sale, Redding, CA or California

Multifamily Property For Sale

Wood Oak Apartments

999 West St, Redding, CA 96001

Price:
$975,000
No. Units:
16
Building Size:
11,088 SF
Price/Unit:
$60,937.50
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
7.70%
Gross Rent Multiplier:
9
Occupancy:
100%
No. Stories:
2
Year Built:
1976
Lot Size:
0.45 AC
Tax ID / APN #:
103-020-020
Find Out More...

Last Verified 10/12/2009 Listing ID 15435510

Highlights

Individually metered electric paid by tenants
On-site coin laundry
Upside in rents

100% occupancy
No deferred maintenance
Lots of recent capital improvements

Description

The Wood Oak Apartments is a stabilized 16-unit investment opportunity ready for a new owner. Easy management by an on-site manager, no deferred maintenance, and 100% occupancy make this the perfect turn-key investment. On-site coin laundry provides extra income.

Newer roof, parking lot pavement, appliances & HVAC units mean low maintenance costs. Individually metered electric paid by tenants. 8 one-bedroom & 8 two-bedroom units. New front doors on all units in 2004. Excellent cash flow!

Excellent location in downtown Redding, close to the courthouse, county administration center, and medical centers.

Financial Summary

Unit Mix Information

Proforma
Year
2008
Scheduled Gross Income
$108,480
Effective Gross Income
$106,961
Operating Expenses
$31,740
Net Operating Income
$75,221

Description	No. Units	Avg. Mo. Rent
One Bedroom One Bath	8	$513
Two Bedroom One Bath	8	$618

Map of 999 West St, Redding, CA 96001 (Shasta County)

Hide Map

Contact Listing Broker to find out more details.

Presented by

Dry Creek Real Estate

Request additional information

Contact Listing Broker

Brian Burke (707) 541-0570

Track changes to this property: Watch This Property
Share this listing: Send to Friend; Link to This Listing

Link
Copy the link above and share via email or IM.; Embed This on Your Web Site; Share on Facebook; Share on LinkedIn; Share on Twitter
Additional Options: Print Listing; View Map; Demographics; Research Price; Get Financing

Created 11/12/2007

Additional Information for 999 West Street, Redding, CA 96001

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 999 West St, Redding, CA 96001

Nearby Multifamily properties for saleSearch all commercial real estate for sale

Magnolia Ave Apartments
$2,400,000
40 Units
Cascade Apartments
$2,160,000
36 Units

Nearby Recently Sold Multifamily propertiesSearch all recently sold commercial real estate

Garden/Low-Rise
Sold 3Q 2006
Garden/Low-Rise
Sold 1Q 2005
Garden/Low-Rise
Sold 4Q 2007
Garden/Low-Rise
Sold 2Q 2005
Garden/Low-Rise
Sold 2Q 2005

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Embed this Listing on Your Website

Multifamily Property For Sale - Wood Oak Apartments

999 West St, Redding, CA, 96001