1425 Magnolia Ave, Redding, CA 96001 The Magnolia 36 is a unique TURN-KEY asset that provides an attractive apar... | $4,249,000
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Listing Status: Closed Please Note:This listing was last updated on 7/8/2023 but is no longer listed. |
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!
| | MLS ID: | 20-3926 | Listing Type: | Residential Income | Property Type: | Residential Income |
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| | Area Area: 01 - NW Redding |