NOT LISTED FOR SALE

2320 Butte St Redding, CA 96001

Magnolia Neighborhood
2 Beds
1 Bath
894 Sq Ft
1900 Built

Last Sold March 23, 2021

Last sale price $435,000 $487 Per Sq Ft

206 Days on Market

Highlights

  • Evaporated cooling system
  • Shasta High School Rated A
  • 3-minute walk to Magnolia Park

About This Home

As of March 2021

REDDING 4 PLEX 100% Occupied with a 8% CAP RATE - Features: a 3 Bedroom + 1 Bath Home with in-door laundry room that was Built in 2006, Plus another Large 2 Bedroom + 1 Bath Home with in-door laundry room, Plus a duplex with a 2+1 unit & a 1+1 unit. This 1/3 acre lot sits right in the heart of the City's Multimillion Dollar DownTown Revitalization Project. 3 of the 4 units have been updated with either newer roof, newer flooring, newer windows & HVAC systems. The 4th unit has a long term tenant in good standing, and when he moves the house will need some TLC. The future owner can take advantage of this Added Value opportunity. In return the Seller is willing to let this investment property go with an 8% CAP RATE, which is way above today's average return for similar properties. CALL TODAY

Last Agent to Sell the Property

Nick Kerley

Realty 110, Inc. License #01332465 Listed on: 08/21/2020

Last Buyer's Agent

Nick Kerley

Realty 110, Inc. License #01332465 Listed on: 08/21/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Parking

  • Off-Street Parking

Utilities

  • Evaporated cooling system
  • Window Unit Cooling System

Listing and Financial Details

  • Assessor Parcel Number 105-170-009-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Directions: Take Highway 44 West. Proceed straight onto Shasta St. Make a right onto Willis St. Make a left onto Shasta St. Make a left onto Magnolia. Make a right onto Butte. Property is on the right.
  • Prop. Type: Residential Income
  • Year Built: 1900
  • Subdivision Name: N/A
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Garage/Parking

  • Parking Features: Assigned, Off Street
  • ParkingOffStreet: Yes
  • Parking:Assigned: Yes

Utilities

  • Cooling: Evaporative Cooling, Window Unit(s)
  • Cooling Y N: Yes
  • Heating:Baseboard2: Yes

Lot Info

  • Parcel #: 105-170-009-000
  • Lot Dimensions: 15,682
  • Zoning Description: NOT AVAILABLE

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2021 03/23/21 Sold $435,000 -5.2% $487 / Sq Ft
02/08/2021 02/08/21 Pending -- -- --
07/17/2020 07/17/20 For Sale $459,000 -- $513 / Sq Ft
Source: Shasta Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Nick Kerley

    Seller's Agent in 2021

    Nick Kerley

    Realty 110, Inc.

    (530) 242-4114

    11 in this area

    288 Total Sales

    Nick Kerley
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Map

Source: Shasta Association of REALTORS®

MLS Number: 20-3450

Shasta Association of REALTORS®

APN: 105-170-09

California Shasta County Redding 96001 Magnolia

2320 Butte St, Redding, CA

Not Listed for Sale

MultiFamily

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