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$4,249,000
1425 Magnolia Ave
Redding, CA 96001
Year Built1961
Listing TypeResidential Income
Property TypeResidential Income
MLS Listing ID20-3926
Published Date8/12/2020 5:26:00 PM 75 days ago
Listing Modified9/24/2020 7:00:00 AM 32 days ago
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!
Listing Status: Pending
Please Note:This listing was last updated on 9/24/2020. Please contact us for the availability of this property.
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