Pioneer Apartments

Redding, California

$2,600,000 | less than 1/2 +/- acres ± Acres | Shasta County

PROPERTY TYPE: Sold

PROPERTY DESCRIPTION:

50 Unit Apartment Complex, plus Manager's Apartment, total of five buildings, centrally located, close to schools, shopping , parks, Sacramento river and medical facilities. Pool and picnic area for tenants use. Coin Laundry in complex. Each unit has a storage unit and parking space. Paved interior and to street. 4 two story and 1 three story building complext. Monthly income (full occupancy) $32,125. Consist of: 9-1 bedroom, 1 bath, Rent is $575/mo; 6-2 bedroom, 2 bath, Rent for $700/mo and 35-2 bedroom, 1 bath Rent at $650/mo. Great investment opportunity.

PROPERTY HIGHLIGHTS:
  • All units have open living area, kitchens have electric range and refrigerator. Also electric heating and air.
  • There are restaurants, a grocery store and gas station/mini mart across and just down the street.
  • Only minutes to Turtle Bay Park and the Sundial Bridge with miles of paved trails for hiking or biking through the woods and along the river. Stop along the way and fish for salmon during the season.
ADDRESS:

2805 Pioneer Way
Redding, California

COORDINATES:

40.5869060N, 122W

TAXES:

(Call Agent for Details)

Donna Utterback
Donna Utterback

Cell: (530) 604-0700
Office: (530) 336-6869

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