611 Parsons Drive, Redding, CA 96002

About this fourplex

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.

Listing description from the May 2024 sale, as reported to CRMLS.

Sale history

$500,000

Sold May 2024 · listed $490,000, on market March 2024 · MLS #ML81958608 · Source: CRMLS

Listing Agent: Liz Aguero · Listing Office: eXp Realty of California Inc · Contact: (888) 584-942... · Bought with: Liz Aguero · eXp Realty of California Inc

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