This updated multi-family property, built in 1977, consists of eleven (11) two-bedroom/one-bathroom units and one (1) three-bedroom/one-bathroom unit, all fully occupied and generating approximately $157,000 in annual gross rental income. With a cap rate over 6.5%, the property offers consistent returns and long-term investment potential. Located in Anderson, CA, it is within walking distance of local schools and major transportation routes, enhancing its appeal to tenants and investors. Recent upgrades, including full electrical panel replacements, ensure modern functionality and reduced maintenance needs.
Situated just south of the Shasta District Fairgrounds, the property is conveniently close to Anderson Middle School, Anderson High School, and Anderson New Technology High School. Its location near Interstate 5 and Highway 273 provides easy access for commuters and residents, further increasing demand. With strong occupancy and attractive income potential, this property is a valuable addition to any portfolio.