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    1425 Magnolia Ave

    Redding, CA 96001
    • $4,249,000
    • STATUS: Active
    • ON SITE: 38 days
    • ID#: 20-3926
    UPDATED: 39 min ago
    $4,249,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    N/A
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    The Magnolia 36 is a unique TURN-KEY asset that provides an attractive apartment unit located in the heart of Redding. Downtown is embarking on a major redevelopment with over $200,000,000 in improvements all which are walking distance to Magnolia. The recent professional FULL Interior & Exterior high-end renovation features Luxury Vinyl Flooring, Plush Carpeting, Hotel-Style Bathrooms, Kitchens with New Cabinets, Appliances & Granite Counters. All units have new HVAC, New Windows & LED Lighting. The grounds include a HUGE laundry room & resort style pool with BBQ area. Added improvements: New Roof, New Sealed & Striped Parking Lots, New Siding, New Patios, New Doors, New full Paint Work. Over $450,000 in potential annual gross income providing an VERY attractive 7.6% CAP Rate!

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    IDX information © 2020 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: 2020-09-20T09:59:38.547.

    Licensed in the State of California.
    www.home4realliving.com/homes/108806679
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    1425 Magnolia Ave Redding, CA 96001

    • Price: $4,249,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: 20-3926
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1961
    Built
    Neighborhood:
    N/A
    County:
    Shasta
    Area:
    01 - NW Redding
    Property Description
    The Magnolia 36 is a unique TURN-KEY asset that provides an attractive apartment unit located in the heart of Redding. Downtown is embarking on a major redevelopment with over $200,000,000 in improvements all which are walking distance to Magnolia. The recent professional FULL Interior & Exterior high-end renovation features Luxury Vinyl Flooring, Plush Carpeting, Hotel-Style Bathrooms, Kitchens with New Cabinets, Appliances & Granite Counters. All units have new HVAC, New Windows & LED Lighting. The grounds include a HUGE laundry room & resort style pool with BBQ area. Added improvements: New Roof, New Sealed & Striped Parking Lots, New Siding, New Patios, New Doors, New full Paint Work. Over $450,000 in potential annual gross income providing an VERY attractive 7.6% CAP Rate!
    Exterior Features

    Lot Dim Or Acres 22216 Parking Off StreetOn Street

    Interior Features

    All Units Include Air ConditionerCableRefrigerator Cool Heat Pump Heat Heat Pump Some Units Include Balcony/DeckPatioStorage Unit Description 1 Bedroom2 Bedroom

    Property Features

    Available Terms All Cash To SellerCash To New Loan Existing Rntl Terms Month To Month GPZone Not Available Possession Arrange Unit Type 5 Or More Year Built Description Under Construction Zoning Not Available

    Listing provided courtesy of Nick Kerley of Realty 110, Inc..


    IDX information © 2020 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: 2020-09-20T09:59:38.547.

    Licensed in the State of California.
     
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    Real Living Real Estate Professionals, Inc.
    747 Auditorium Drive
    Redding CA, 96001