1129 Magnolia Avenue, Redding, CA 96001

$425,000

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List Price
$425,000
Status
ACTIVE
Days on Market
123
MLS#
26-1298
County
Shasta
Subdivision
N/A

Property Description

Welcome to an exceptional investment opportunity that checks every box: prime location, strong performance, and outstanding long-term potential. This charming, fully rented triplex is ideally situated in a highly desirable West Redding area just minutes from vibrant downtown, offering unmatched convenience to top-rated restaurants, popular shopping destinations, reputable schools, major hospitals, and medical offices. Designed to attract and retain quality tenants, the property benefits from a strong cash flow, consistently low vacancy rates, and an impressive cap rate exceeding 8%, making it a true standout in today's market. Each unit is well-maintained, providing immediate income and peace of mind for investors seeking a turnkey asset. Whether you're expanding your portfolio or securing your first multi-family investment, this property offers the perfect blend of location, performance, and future appreciation potential. Opportunities like this are rare--don't miss your chance to own a high-performing asset in a prime location.

Additional Information

Days on market
123
Year built
1925

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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Select Real Estate - Redding.