Villa Apartments 1369 Spruce St Immeuble residentiel 11 lots 772 552 € (70 232 €/Lot) Taux de capitalisation 7,39 % Redding, CA 96001

The Heitzeberg Group of Marcus & Millichap is pleased to present The Villa Apartments, a unique multi-unit property offering a diverse mix of residential units in a well established community setting. Situated on a spacious 0.41-acre lot, this property consists of a combination of apartments, cottages, and garages, all within their own private space. This diverse unit configuration presents an excellent opportunity for investors looking for steady rental income with future growth potential.
With a population of around 92,000, Redding is the largest city in Shasta County and a key regional hub in Northern California. Located approximately 150 miles north of Sacramento at the northern end of the Sacramento Valley, the city is positioned near the confluence of the Sacramento and Keswick Rivers. Its strategic location makes it a gateway to outdoor recreational areas like Shasta- Trinity National Forest and Lassen Volcanic National Park, which are popular for activities such as hiking and boating.
The city’s economy is diverse, with significant employment provided by Shasta Regional Medical Center and the Redding School District. Additionally, Redding has a growing presence in tourism and outdoor recreation, leveraging its proximity to attractions like Shasta Lake and the Trinity Alps. This blend of economic activities and natural beauty underscores Redding's role as both a residential and tourist destination in Northern California.
With a well-rounded unit mix and the benefit of a private community, Villa Apartments offers a compelling investment opportunity at just $80,000 per unit with positive cash flow from day one!