In northeast Redding near churches, schools, and everyday conveniences, this single-story, slab-on-grade stucco 4-plex offers immediate cash flow with clear value-add upside. The property features three 2BD/1BA units at approximately 757 sq ft and one oversized 2BD/2BA unit at 1,028 sq ft with in-unit laundry hookups, plus a coin-operated community laundry room serving the remaining three units for additional income.
Two units have been recently renovated, the 2BD/2BA received a full refresh including new kitchen cabinets, appliances, countertops, vanities, LVP flooring, fresh paint, and more, while one 2BD/1BA was updated with new LVP flooring and paint. The two remaining units are currently month-to-month at well below market rent, presenting an investor with the opportunity to refresh and re-lease at market rates.
Current gross annual income is $51,552 with a projected stabilized gross of $64,560 once all units are brought to market rent. The single-story design eliminates stairs, balconies, and elevated decks, minimizing maintenance exposure and liability. Each unit includes a fenced private backyard, dedicated carport, individual storage unit, and low-maintenance landscaping.
A well-maintained, durable asset with solid current income and a straightforward path to increased returns.