Address
927 Magnolia Ave Redding, CA
Price
$ 67,500
Property Attributes
  • MLS#213636
  • TypeLand
  • CountySHASTA
  • CityRedding
  • AreaNw Redding
  • Zip96001
  • StyleNone
  • Price$ 67,500
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.38 Acres
Listing Provided Courtesy Of:
RE/MAX FIVE STAR
Data Source:
Shasta AOR MLS (SAOR) - 120 - CA
Property Description

Zoned for 4 plex+1., sewer is about a 220 ft run, so think outside the box, how about 24 garage units 12 on each side cascading down the hill. See photo example of what this could be. Rental rates for garage space at $140 to $150 per month would yield an annual return of $43,500 with limited management 100% occupancy, there are many apartment units in the area in need of garage space. Additional land maybe available in easement abandonment.Or try Sec.8 or affordable housing element??Make your move, sellers are ready to deal.

Price History
7/31/2021 Listed $67,500

General Features

Acres 0.38
Documents Available Other
Listing Area 01 - NW Redding
Property Type C
Road Frontage City
Status Active
Subdivision N/A
Topography Cross Slope, Downsloping, Level, Rolling
Type Acres
Zoning Not Available

Exterior Features

Additional Lot Info: Multiple Lots No
Distance To Shopping 1/4 - 1/2 Mile
Distance To Trans 1/4 - 1/2 Mile
Lot Description City
Lot Size .38+
Road Surface Asphalt
Soil Type Adobe

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 96001

Price
AVG $160K
$70K
Visits
AVG 61
55
Walkscore
AVG 21
69
Data Provided by Walkscore ® not using MLS data

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