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    927 Magnolia Ave

    Redding, CA 96001
    • $67,500
    • STATUS: Active
    • ON SITE: 50 days
    • ID#: 21-3636
    UPDATED: 27 min ago
    $67,500
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    N/A
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Zoned for 4 plex+1., sewer is about a 220 ft run, so think outside the box, how about 24 garage units 12 on each side cascading down the hill. See photo example of what this could be. Rental rates for garage space at $140 to $150 per month would yield an annual return of $43,500 with limited management 100% occupancy, there are many apartment units in the area in need of garage space. Additional land maybe available in easement abandonment.Or try Sec.8 or affordable housing element??Make your move, sellers are ready to deal.

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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/119920374
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    927 Magnolia Ave Redding, CA 96001

    • Price: $67,500
    • Status: Active
    • Updated: 27 min ago
    • ID#: 21-3636
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    Neighborhood:
    N/A
    County:
    Shasta
    Area:
    01 - NW Redding
    Property Description
    Zoned for 4 plex+1., sewer is about a 220 ft run, so think outside the box, how about 24 garage units 12 on each side cascading down the hill. See photo example of what this could be. Rental rates for garage space at $140 to $150 per month would yield an annual return of $43,500 with limited management 100% occupancy, there are many apartment units in the area in need of garage space. Additional land maybe available in easement abandonment.Or try Sec.8 or affordable housing element??Make your move, sellers are ready to deal.
    Exterior Features

    Improvements Req Buyer Pays Lot Description City Lot Dim Or Acres .38+ Road Frontage City Road Maintenance City Road Surface Asphalt Soil Type Adobe Topography Cross SlopeDownslopingLevelRolling

    Property Features

    Available Terms All Cash To SellerCash Bonds No Known Distance To Shopping 1/4 - 1/2 Mile Distance To Trans 1/4 - 1/2 Mile Documents Available Other GPZone Red 03.5-06 U/A - 03.5-06 Dwelling Units Per Acre Land Type Multi Miscellaneous Call Listing Office Multiple Lots No Ownership Individual Percolation Test N/A Possession Close Of Escrow Present Use None Special Use Permit RequiredZoning Variance Req Type Acres Zoning Not Available

    Listing provided courtesy of Don D Davis of Re/Max Five Star.


    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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    747 Auditorium Drive
    Redding CA, 96001