Three-Building Apartment Income
1207 East St Redding, CA 96001
1207 East St, Redding, CA, 96001
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For Sale
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Three buildings totaling 18 units, 100% leased, with additional ~6,000 SF of unoccupied commercial space.
Days on Market101
Property Features for 1207 East St
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agency
Northstate Commercial Partners
(530) 768-1650
Listed by
Ken Miller · License #CA 00818540
Source
Crexi
Added: Apr 12 Updated: Jul 21 at 4:26AM Checked: Jul 21 at 4:26AM
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Investment Insights
Based on property information with market context.
This offering includes three buildings comprising an 18-unit multi-family project reported as 100% leased and almost always full. The tenant mix is described as a combination of locals and traveling healthcare professionals. In addition to the residential units, there is approximately +/-6,000 SF of unoccupied commercial structure space identified as being provided at no extra cost, intended to add additional revenue to the bottom line.
The property is located downtown, with easy walk access to multiple nearby restaurants, including From the Hearth, Charlew’s Beer House, Peter Chu’s, and Cheesecake’s Unlimited. The estimated cap rate is cited at 5.2%, based on current rents of approximately $240,000 per year and estimated expenses, and it does not include potential commercial building rent. The complete Offering Memorandum is in process and expected to be available shortly.
The property is located downtown, with easy walk access to multiple nearby restaurants, including From the Hearth, Charlew’s Beer House, Peter Chu’s, and Cheesecake’s Unlimited. The estimated cap rate is cited at 5.2%, based on current rents of approximately $240,000 per year and estimated expenses, and it does not include potential commercial building rent. The complete Offering Memorandum is in process and expected to be available shortly.
Key Highlights
- 3 buildings totaling 18 units with 100% leased occupancy
- Tenant mix includes locals and traveling healthcare professionals
- Includes about 6,000 SF of unoccupied commercial space to add additional revenue
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Three buildings totaling 18 units, 100% leased, with additional ~6,000 SF of unoccupied commercial space.
Where is this apartment building located?
The property is located at 1207 East St Redding, CA.
What are key features of this property?
This property features: 3 buildings totaling 18 units with 100% leased occupancy; Tenant mix includes locals and traveling healthcare professionals; Includes about 6,000 SF of unoccupied commercial space to add additional revenue