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1933 Eureka Way

Redding CA 96001

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Currently for sale - view listing

Overview

Multi-Family Investment Opportunity! Exceptional income-producing property featuring 4 adjoining parcels with a total of 12 rental units plus a profitable self-serve carwash. This versatile investment offers significant upside potential and strong cash-flow opportunities. The property includes mixed units consisting of: 1 three-bedroom unit 2 two-bedroom units 5 one-bedroom units 4 studio apartments This well-balanced combination appeals to a wide range of tenants and supports consistent occupancy. Many of the rental units have undergone recent renovations, while current rents remain slightly below market value, creating room for future income growth. Complex also includes Laundry room. Carwash The 2-bay coin-operated self-service carwash has an established customer base and provides additional income potential. Ideally situated in the highly desirable Magnolia District. The property is within walking distance to Downtown Redding Market, the RABA Depot, the YMCA, Shasta High School, and County Courthouse/Offices. It is also within proximity of the City of Redding's proposed Butte Street Boogie Project. This is a project planned improve and enhance the walkability and biking access that will connect downtown to the Sacramento River Trail. Making this an ideal location to that promotes a more active and robust lifestyle. Additional highlights include separately metered units for added management efficiency and tenant convenience.

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Happy sellers in Redding

<50%
Less than 50% of sellers in Redding reported that their sale price either exceeded or met their price expectations.

Redding stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Redding over the last 12 months.

Local market activity for other properties in Redding

In the last 12 months, 15 other properties similar to 1933 Eureka Way, have been sold.

This represents a 59% increase in other properties sales when compared to the previous 12 months.

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(619) 566-0008
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