For Sale Multi-Family MLS# 26-4036

1114 Orange Avenue

Redding, CA 96001

$924,500

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About 1114 Orange Avenue

Excellent investment opportunity featuring a well-maintained 6-unit apartment complex in a prime location convenient to schools, shopping, and downtown. The property is fully leased and offers a desirable unit mix of four 2-bedroom/1-bath units and two 3-bedroom/1-bath units.

Recent improvements include a new roof, fresh exterior paint and newly rebuilt stairs and balcony, helping reduce maintenance concerns for the next owner. Each unit features an open floor plan, spacious kitchen, and dedicated covered parking.

With over $78,000 in annual gross income, this turnkey multifamily property still has room for growth. This provides an attractive opportunity for an investor seeking an established income-producing asset with a strong unit mix and convenient location. A solid addition to any portfolio with key property improvements already completed.

Property details

Property

Type
Residential Income
MLS type
Multi Family Home
Status
Active
Year built
1973
Original price
$924,500
MLS #
26-4036

Exterior & lot

Features
Attached Carport
Lot
105-050-002-000
Parking
Attached Carport
Garage spaces
6

Schools

District
Shasta Union High School District

Financial

Financial
Shasta Association of REALTORS®
Parcel
105-050-002-000

Location

Area
04 - SW Redding
County
Shasta
Neighborhood
Magnolia
Directions
Eureka Way to Orange Ave.
Subdivision
N/A

Ask about this property

Questions on 1114 Orange Avenue, Redding, CA 96001, or want to see it in person?

Listed by Erin K Richart, Shasta Sotheby's International Realty

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.