Bought with Shasta Sotheby's International Realty
$485,000
$495,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
2962 Lanning Ave Redding, CA 96001
Key Details
Sold Price $485,000
Property Type Single Family Home
Sub Type Residential Income
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24-2229
Sold Date 08/29/24
Originating Board Shasta Association of REALTORS®
Year Built 1943
Lot Dimensions 10,454
Property Description
TURN-KEY with an incredible investment return of 8% CAP Rate & over $49,000 in gross annual income.! Exceptional property offering 3 INCOME STREAMS with little to no maintenance and VERY LOW landlord expenses! This unique TRI-PLEX includes a spacious single-family home and a freshly RENOVATED Duplex, perfect for extended family or CASH FLOW. The single-family home has a open floor plan, featuring 3 generously sized bedrooms, a spacious bathroom, indoor laundry, private backyard & garage, PLUS a newer roof & HVAC. The duplex, meticulously redesigned from the studs, offers brand-new interiors and exteriors, complete with new Kitchens, New Bathrooms, New Floors, New Appliances, NEW AC units & a NEW roof. Don't miss this rare opportunity!
Location
State CA
County Shasta
Direction Parkview to Lanning
Exterior
Garage Off Street, On Street
Parking Type Off Street, On Street
Building
Story 1
Level or Stories 1.0
Others
Senior Community No
Tax ID 104-230-028-000
Ownership Seller
Acceptable Financing Cash to New Loan, FHA/VA
Listing Terms Cash to New Loan, FHA/VA
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