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

Multifamily Property For Sale

2850 Pioneer

2850 Pioneer, Redding, CA 96001

Price:
$2,200,000
No. Units:
51
Building Size:
48,000 SF
Price/Unit:
$43,137.25
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
8%
Occupancy:
90%
No. Stories:
2
Find Out More...

Last Verified 11/1/2009 Listing ID 16239210

Description

Reduced $200,000 now $2,200,000. Lender financing available. 51 well managed units 23 1/1 bdrm & 27 2/1 bdrm, all in average to good condition. Rental rates range from 425.00 to 775.00. Rents generally higher have adjusted to the current market. Average vacancy rate hovers around 10%

I-5 To Redding, Hwy 44 to Pine St North to Eureka 299 West past High School on the left to Pioneer, left, subject property is on the right just before the road veers left.

Financial Summary

Debt & Equity Information

Proforma
Year
2009
Scheduled Gross Income
$282,420
Effective Gross Income
$254,178
Operating Expenses
$91,504
Net Operating Income
$162,674

Map of 2850 Pioneer, 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 5/14/2009

Additional Information for 2850 Pioneer Drive, Redding, CA 96001

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 3 Historic Listings
Sales Comparables Available - 2 RecentSales Records

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

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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 -

2850 Pioneer, Redding, CA, 96001