1383 Browning St - Multi-Family FOR SALE


Redding, CA 96003
$837,000 USD
530-917-4981
1383 Browning St, Redding, CA for Sale
$837,000 USD
Multi-Family - FOR SALE
1/21
null | Request Cap Rate

1383 Browning St
Redding, CA 96003


HIGHLIGHTS

  • Two Story Units with Attached Two Car Garage
  • Built in 2016
  • Zoned RM-12-PD
  • Well-maintained and Attractive Property
  • Stabilized Occupancy
  • Located in Prime Retail Area

OVERVIEW

A premier multifamily investment opportunity in the heart of Redding. This meticulously maintained duplex, built in 2016, consists of two upscale residential townhouse style units, making it an ideal choice for investors seeking a low-risk, high-return addition to their portfolio. Currently fully occupied, the property guarantees a steady income stream, enhanced by its strategic location close to the thriving retail area of Redding. The duplex is located within a well-planned development, featuring 13 townhouse style two-story duplexes with attached two car garages. Each unit offers 3 bedrooms, 2.5 bathrooms, and a modern, open layout. Residents enjoy upscale interior improvements, including granite vanity tops, quartz kitchen counters, and stainless steel appliances, all within a peaceful, tree-lined neighborhood. With convenient access to city utilities, abundant guest parking, and close proximity to Redding's retail shopping area, 1838 Browning Street stands out as a smart, solid investment in a growing multifamily market.

FOR SALE DETAILS

PRICE

$837,000 USD

PRICE/SF

$219 USD /SF

# OF UNITS

2

PRICE/UNIT

$418,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2016

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,557 SF

ZONING

RM-12-PD

APN/PARCEL ID

071-490-013-000

ASK ABOUT THIS PROPERTY

Ryan HaedrichCapital Rivers Commercial - Haedrich GroupMore Info
530-917-4981

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Ryan HaedrichCapital Rivers Commercial - Haedrich GroupMore Info
530-917-4981

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.