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Description

Amazing opportunity for the capital improvement investor. 12 unit complex on 3 separate lots & APN #s (20471,20473, 20475 Quebec St.) Each lot has a 4 plex building. Two of the 4 plex buildings have 2 upstairs 2/1 units and 2 downstairs 2/1 units with 720 sqft. 8 total 2/1 units. 7 of the 8 are rented. The vacant unit has just been remodeled (new kitchen/bath/carpet/paint) awaiting a tenant. The last building (20475) has larger units. Consisting of two types of units. The two end units are 2/1.5 with 1050 sqft and the middle units are 3/1.5 with 1240 sqft. All of these units in 20475 have the kitchen and living area downstairs with bedrooms upstairs. The two units on the left side of 20475 (units #1 & #2) are vacant awaiting updating/remodeling continuation by an investor/buyer.Seller has made many improvements to the complex since buying it 5 years ago and difficulty removing a few long term below market tenants by PM has the owner wanting to sell. Property has tons of potential for increasing rents. Location is very close to the local elementary school and walking distance to store and community pool. Burney Falls State Park is just down the road. Blue ribbon fly fishing rivers (Pit, Hat and Fall) just east of town and Lassen Park is just beyond for to enjoy some the best nature recreation areas California has to offer.

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IDX information © 2021 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: 2021-09-20T21:58:53.653.

Licensed in the State of California.
www.home4realliving.com/homes/114314114
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20471 Quebec St Burney, CA 96013

  • Price: $750,000
  • Status: Pending
  • Updated: 31 min ago
  • ID#: 21-663
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Beds
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Baths
0
½ Baths
N/A
Acres
1984
Built
Neighborhood:
N/A
County:
Shasta
Area:
01 - NW Redding
Property Description
Amazing opportunity for the capital improvement investor. 12 unit complex on 3 separate lots & APN #s (20471,20473, 20475 Quebec St.) Each lot has a 4 plex building. Two of the 4 plex buildings have 2 upstairs 2/1 units and 2 downstairs 2/1 units with 720 sqft. 8 total 2/1 units. 7 of the 8 are rented. The vacant unit has just been remodeled (new kitchen/bath/carpet/paint) awaiting a tenant. The last building (20475) has larger units. Consisting of two types of units. The two end units are 2/1.5 with 1050 sqft and the middle units are 3/1.5 with 1240 sqft. All of these units in 20475 have the kitchen and living area downstairs with bedrooms upstairs. The two units on the left side of 20475 (units #1 & #2) are vacant awaiting updating/remodeling continuation by an investor/buyer.Seller has made many improvements to the complex since buying it 5 years ago and difficulty removing a few long term below market tenants by PM has the owner wanting to sell. Property has tons of potential for increasing rents. Location is very close to the local elementary school and walking distance to store and community pool. Burney Falls State Park is just down the road. Blue ribbon fly fishing rivers (Pit, Hat and Fall) just east of town and Lassen Park is just beyond for to enjoy some the best nature recreation areas California has to offer.
Exterior Features

Exterior Wood Lot Dim Or Acres 9148 Parking AssignedOff Street

Interior Features

All Units Include CableRefrigeratorWasher/Dryer Hookups Heat Forced AirFurnace Wall Heat Gas Natural Miscellaneous Laundry in ComplexSmoke Detectors Some Units Include View Unit Description 2 Bedroom3 + Bedroom Unit1 Baths 1.00 Unit1 Bedrooms 2.00 Unit1 Sq Ft 740.00 Unit2 Baths 1.00 Unit2 Bedrooms 2.00 Unit2 Sq Ft 740.00 Unit3 Baths 1.00 Unit3 Bedrooms 2.00 Unit3 Sq Ft 740.00 Unit4 Baths 1.00 Unit4 Bedrooms 2.00 Unit4 Sq Ft 740.00 Unit5 Baths 1.00 Unit5 Bedrooms 2.00 Unit5 Sq Ft 740.00 Unit6 Baths 1.00 Unit6 Bedrooms 2.00 Unit6 Sq Ft 740.00 Unit7 Baths 1.00 Unit7 Bedrooms 2 Unit7 Sq Ft 740.00 Unit8 Baths 1.00 Unit8 Bedrooms 2 Unit8 Sq Ft 740.00

Property Features

Available Terms All Cash To SellerCash Existing Rntl Terms Deposit HeldMonth To Month Existing Rntl Terms Lease 1 Existing Rntl Terms Written Lease Yes Expense Data Source OwnerProjected GPZone Not Available Ownership Seller Possession Close Of Escrow Sub Zoning Conforming Tenant Expenses CableElectricGas Unit Type 5 Or More Unit1 Rent 725.00 Unit1 Unit Number 20471- Apt. #1 Unit2 Rent 725.00 Unit2 Unit Number 20471 - Apt #2 Unit3 Rent 515.00 Unit3 Unit Number 20471 - #3 Unit4 Unit Number 20471 Unit5 Rent 725.00 Unit5 Unit Number 20473 - Apt #1 Unit6 Rent 650.00 Unit6 Unit Number 20473 - Apt #2 Unit7 Rent 485.00 Unit7 Unit Number 20473 - Apt #3 Unit8 Rent 550.00 Unit8 Unit Number 20473 - Apt #4 Year Built Description 01-05 Years Zoning Not Available

Listing provided courtesy of Steve Miller of Redding Commercial Investments.


IDX information © 2021 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: 2021-09-20T21:58:53.653.

Licensed in the State of California.
 
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