1933 Eureka Way, Redding, CA 96001

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Listed byNorthstate Real Estate Professionals
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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.

Location

Full feature list

Basic info

Property type
Other residential
Lot size (acres)
0.67
Year built
1948

Utilities

Heating
Wall Furnace, Electric, Natural Gas

Public schools

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Sourced from: Shasta Association of Realtors MLS®#: 26-2214 Last checked:

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