NOT LISTED FOR SALE

611 Parsons Dr Redding, CA 96002

Bechelli Neighborhood
8 Beds
4 Baths
3,072 Sq Ft
0.34 Acres

Last Sold May 10, 2024

Last sale price $500,000 $163 Per Sq Ft

3 Days on Market

Highlights

  • Carpet
  • Enterprise High School Rated A-
  • 1-Story Property

About This Home

As of May 2024

An exceptional investment opportunity awaits with this multi-family residential property, boasting a standalone structure that ensures a positive cash flow. Situated in a prime location, the property offers convenience and accessibility, making it an attractive option for potential renters. Key Features - Positive Cash Flow: The property generates substantial income, exceeding operational costs, resulting in a profitable investment; Great Location: Nestled in a vibrant neighborhood, residents enjoy proximity to essential stores, delightful shopping experiences, and a variety of dining options; Accessibility: Located just minutes away from major highways, this property provides easy access for commuting, travel, and leisure activities. Investment Highlights - High Demand Area: The demand for multi-family homes in this area is on the rise, ensuring consistent occupancy rates; Growth Potential: With the potential for value appreciation and rent increases, investors can look forward to long-term+ financial gains; Community Amenities: Residents benefit from local parks, schools, and community centers, enhancing the living experience and rental appeal.

Last Listed By

Liz Aguero

eXp Realty of California Inc License #01829079 Listed on: 03/22/2024

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • 1959

Lot Details

  • 0.34 Acre Lot

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,072 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $47,220

Community Details

Overview

  • 3,072 Sq Ft Building

Building Details

  • 4 Leased Units
  • Manager Expense $350
  • Operating Expense $350
  • Gross Income $46,748

Property Details

Home Type

Multi-Family

Year Built

1959

Lot Details

0

Parking

4

Listing Details

  • Zoning: RM-6
  • Subclass: Fourplex
  • Age: 65
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3072
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Living Sq Ft: 3072
  • Stories: 1
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Shasta Union High
  • Elementary School: Rother Elementary
  • Middle School: Parsons Junior High
  • High School: Enterprise High
  • High School: 35914
  • Elementary School: 35843
  • Middle School: 35842

Lot Info

  • Lot Acres: 0.3400
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 14810.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 14810.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 10.38
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Management: 350
  • Expenses Total: 350
  • Income Annual Gross: 46748.00
  • Income Annual Rental: 47220
  • Income Gross Scheduled: 47220
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 4
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Hot Water
  • Vacancy Factor: 1

Range of Values:

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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 Change Sq Ft Price
05/10/2024 05/10/24 Sold $500,000 +2.0% $163 / Sq Ft
03/26/2024 03/26/24 Pending -- -- --
03/22/2024 03/22/24 For Sale $490,000 -- $160 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2024

    Liz Aguero

    eXp Realty of California Inc

    (888) 584-9427

    1 in this area

    5 Total Sales

    Liz Aguero
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81958608

MLSListings

APN: 107-490-19

California Shasta County Redding 96002 Bechelli

611 Parsons Dr, Redding, CA

Homes for Sale in Redding, CA

This home is located at 611 Parsons Dr, Redding, CA 96002 since 22 March 2024. This property was built in 1959. 611 Parsons Dr is a home located in Shasta County with nearby schools including Rother Elementary School, Parsons Junior High School, and Enterprise High School.

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