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Three-Building Apartment Income Property

1207 East St Redding, CA 96001

1207 East St, Redding, CA, 96001
Contact for pricing
For Sale
Contact for pricing

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
Listed by Ken Miller · License #CA 00818540
Source Crexi
Added: Apr 12 Updated: Jul 21 at 4:26AM Checked: Jul 21 at 4:26AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northstate Commercial Partners


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.

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

Suggested Use

(Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Florist Furniture & Home Goods (Bike/Boat/Book/etc) Store Tanning Salon (Bike/Boat/Book/etc) Store Storage Facility Pet Store & Service Home Appliance Store

Zoning and permitted uses should be independently verified with local authorities.

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
Contact an agent
(530) 768-1650 Call to check price and availability
More about this property
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