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

Multifamily Property For Sale

Cascade Apartments

1425-35-45 Magnolia St., Redding, CA 96001

Price:
$2,160,000
No. Units:
36
Building Size:
12,744 SF
Price/Unit:
$60,000
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
5%
Occupancy:
100%
No. Stories:
2
Year Built:
1961
Tax ID / APN #:
105-310-015, 16, 17
Find Out More...

Last Verified 10/22/2009 Listing ID 15990236

Description

3 buildings, 30 1 bed & 6 2bed units

close to downtown shopping with a mix of single family houses

Debt & Equity Information

Actual
Year
2008
Scheduled Gross Income
$173,415
Operating Expenses
$69,366
Net Operating Income
$104,049

Description	No. Units	Avg. Mo. Rent
one bed room units	29	$475
one bedroom unit	1	$500
2 bedroom unit	5	$625
2 bedroom unit	1	$600

Map of 1425-35-45 Magnolia St., Redding, CA 96001 (Shasta County)

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Presented by

Redding Commercial Investments

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Contact Listing Broker

Diana Bunney (530) 244-5711

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Created 11/15/2008

Additional Information for 1425 Magnolia Avenue, Redding, CA 96001

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 1 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 1425-35-45 Magnolia St., Redding, CA 96001

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Wood Oak Apartments
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$2,400,000
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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.

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Multifamily Property For Sale - Cascade Apartments

1425-35-45 Magnolia St., Redding, CA, 96001