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611 Parsons DR Redding, CA 96002
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Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,072 sqft
Price per Sqft $162
MLS Listing ID ML81958608
Sold Date 05/10/24
HOA Y/N No
Year Built 1959
Lot Size 0.340 Acres
Property Description
An exceptional investment opportunity awaits with this multi-family residential property, boasting a standalone structure that ensures a positive cash flow. Situated in a prime location, the property offers convenience and accessibility, making it an attractive option for potential renters. Key Features - Positive Cash Flow: The property generates substantial income, exceeding operational costs, resulting in a profitable investment; Great Location: Nestled in a vibrant neighborhood, residents enjoy proximity to essential stores, delightful shopping experiences, and a variety of dining options; Accessibility: Located just minutes away from major highways, this property provides easy access for commuting, travel, and leisure activities. Investment Highlights - High Demand Area: The demand for multi-family homes in this area is on the rise, ensuring consistent occupancy rates; Growth Potential: With the potential for value appreciation and rent increases, investors can look forward to long-term+ financial gains; Community Amenities: Residents benefit from local parks, schools, and community centers, enhancing the living experience and rental appeal.
Location
State CA
County Shasta
Zoning RM-6
Interior
Heating Wall Furnace
Flooring Carpet
Fireplace No
Exterior
Garage Spaces 4.0
Garage Description 4.0
View Y/N No
Roof Type Composition
Accessibility Parking
Building
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
School District Other
Others
Tax ID 107490019000
Financing Conventional
Special Listing Condition Standard
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Bought with Liz Aguero • eXp Realty of California Inc