Description
Welcome to a prime investment opportunity in the heart of the Magnolia district in downtown Redding. This property features TWO delightful 1930s-style homes on one lot, located at 1259 and 1261 Magnolia Avenue, each brimming with character. Both homes have 2 bedrooms, 1 bath, plus laundry room, with around ~924sf (#1259) and ~882sf (1261), offering original hardwood floors, coved ceilings, and charming architectural details that tenants will love. For the savvy investor, these two units are ready to generate steady rental income. The home at 1259 Magnolia was upgraded with a mini-split A/C system in 2017 and has all low-e windows, while 1261 Magnolia boasts a newer HVAC system installed in 2021 and mostly low-e windows. Each has its own REU power and water meter and the sewer lateral has been replaced at 1259. Both homes have their own small garage suitable for storage and a compact vehicle. With individual backyards, these homes appeal strongly to renters looking for charm and convenience, making this a turnkey addition to your rental portfolio
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01/2 BATHS
School Ratings & Info
Description
Welcome to a prime investment opportunity in the heart of the Magnolia district in downtown Redding. This property features TWO delightful 1930s-style homes on one lot, located at 1259 and 1261 Magnolia Avenue, each brimming with character. Both homes have 2 bedrooms, 1 bath, plus laundry room, with around ~924sf (#1259) and ~882sf (1261), offering original hardwood floors, coved ceilings, and charming architectural details that tenants will love. For the savvy investor, these two units are ready to generate steady rental income. The home at 1259 Magnolia was upgraded with a mini-split A/C system in 2017 and has all low-e windows, while 1261 Magnolia boasts a newer HVAC system installed in 2021 and mostly low-e windows. Each has its own REU power and water meter and the sewer lateral has been replaced at 1259. Both homes have their own small garage suitable for storage and a compact vehicle. With individual backyards, these homes appeal strongly to renters looking for charm and convenience, making this a turnkey addition to your rental portfolio
IDX information © 2025 Shasta Association of Realtors MLS. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2025-12-06T22:58:15.457.
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