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Multifamily

4490 Alder St

4490 Alder St, Redding, CA 96003

Listing Price: $485,000

Cap Rate
6.02%
Number of Units
4
GRM
8.42
Occupancy
95.0%
Price/Unit
$121,250
Price/Gross SF
$134.72
Gross SF
3,600

Investment Overview

Marcus & Millichap is proud to present 4490 Alder Street, a well located fourplex in Redding. The property benefits from location proximity to Lake Boulevard, featuring four 2-bedroom units. 4490 Alder Street offers convenient access to the highway and provides a comfortable living space with outdoor areas and private balconies for select units.

Redding itself has a population of approximately 95,000 people, making it the largest city in Northern California’s Shasta County. The region enjoys a warm climate and is close to outdoor recreational areas like the Sacramento River and nearby mountains. The property's location offers a variety of retail, dining, and service options. Don't miss out on this rare opportunity!

Investment Highlights

  • Attractive Rental Features: With all units offering spacious 2 bedrooms and over 3,000 SF of livable space
  • True 6% Cap Rate: Best priced Fourplex in all of Redding offered at $121,250 per unit
  • Growing Market in Redding: As the largest city in Shasta County with a population of around 95,000, Redding presents a growing rental market
  • Great Location with Easy Accessibility: Convenient access to major highways, including Highway 5, making it a highly desirable location

Exclusively Listed By

Multifamily

4490 Alder St

Listing Price: $485,000

Cap Rate
6.02%
Number of Units
4
GRM
8.42
Occupancy
95.0%
Price/Unit
$121,250
Price/Gross SF
$134.72
Gross SF
3,600

Investment Highlights

  • Attractive Rental Features: With all units offering spacious 2 bedrooms and over 3,000 SF of livable space
  • True 6% Cap Rate: Best priced Fourplex in all of Redding offered at $121,250 per unit
  • Growing Market in Redding: As the largest city in Shasta County with a population of around 95,000, Redding presents a growing rental market
  • Great Location with Easy Accessibility: Convenient access to major highways, including Highway 5, making it a highly desirable location

Investment Overview

Marcus & Millichap is proud to present 4490 Alder Street, a well located fourplex in Redding. The property benefits from location proximity to Lake Boulevard, featuring four 2-bedroom units. 4490 Alder Street offers convenient access to the highway and provides a comfortable living space with outdoor areas and private balconies for select units. Redding itself has a population of approximately 95,000 people, making it the largest city in Northern California’s Shasta County. The region enjoys a warm climate and is close to outdoor recreational areas like the Sacramento River and nearby mountains. The property's location offers a variety of retail, dining, and service options. Don't miss out on this rare opportunity!

Exclusively Listed By

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