California
Redding
110 Masonic Ave

$681,000

110 Masonic Ave, Redding, CA 96003

Multi-Family Home
Built in 1978
—— sqft lot
—— car garage
$——/sqft
Listed 11 months ago

Property Description

100% occupied 6-plex for sale in northern Redding, CA with long term tenants, below market rents, all new HVAC mini-splits in 2021, and close proximity to shopping, transportation, and schools. All units are 1 bed 1 bath with current gross monthly rents at $5,346.00/month ($64/152/year) and annual expenses coming in around $21,695/year (including a maintenance reserve), the property provides just over a 6.2% cap rate. Unit 1 was remodeled in 2022 and the units are rarely vacant. Steady demand in this area of the City. Property owners had planned to remodel each unit as there was natural turnover, but only one unit has come up since 2021 (unit 1 is fully remodeled). Highlights - 100% occupied 6-plex - Below market rents, only one unit turned over since 2021 - All HVAC has been replaced throughout with mini-split systems - Unit 1 is fully remodeled

Listing Status:: Active
Date Added:: May 13, 2025 at 05:00AM
Listing Office:: Capital Rivers Commercial : 1 530-221-1127
Listing Agent:: Chris Haedrich : 530-351-1160
MLS ID:: 24-2990

Parking: Off Street

This listing courtesy of Chris Haedrich, Capital Rivers Commercial

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Great Partnership Special Education Consortium

3450 Tamarack Dr, Redding, CA, 96003

Grades KG-8

1.32 miles away

Great Partnership Special Education Consortium

3450 Tamarack Dr, Redding, CA, 96003

Grades KG-8

1.32 miles away

Gateway Educational Options

3500 Tamarack Dr, Redding, CA, 96003

Grades KG-12

1.33 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.