1196 Lancers LN, Redding, CA 96003
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Listed by Cherrel Kirkland • Kirkland Real Estate Partners
$ 649,000
Est. payment | /mo

Save
$ 649,000
Est. payment | /mo
Save

Key Details

Property Type Single Family Home

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 26-3349

Year Built 1990

Lot Dimensions 12930 sq ft

Source Shasta Association of REALTORS®

Property Description

Prime Investment Opportunity: Turnkey, Low-Maintenance Fourplex

Centrally located with exceptional access to premier shopping, dining, and local amenities, this well-maintained fourplex offers an outstanding addition to any investment portfolio.

Each of the four expansive, 1,200-square-foot units features a highly desirable 2-bedroom, 1.5-bathroom layout designed for comfortable modern living. Attached garages provide tenants with highly sought-after privacy, security, and additional storage.

The property is engineered for low-overhead management, boasting a durable stucco exterior, a recently replaced roof, and a low-maintenance yard that minimizes ongoing upkeep costs.

Enjoy immediate, reliable cash flow with strong tenant history: the building is fully occupied, featuring a stable mix of two long-term residents and two recently executed newer leases. Generating $63,000 in annual gross rental income, this asset represents a secure, high-performing investment in a high-demand rental market.

Location

State CA

County Shasta

Direction Churn Creek to Lancers east to property.

Interior

Cooling Central

Exterior

Parking Features Shared Driveway, Off Street

Garage Spaces 4.0

Total Parking Spaces 4

Garage Yes

Building

Building Description Stucco, Stucco

Story 1

Level or Stories 1.0

Structure Type Stucco

Others

Senior Community No

Tax ID 071-034-031

Ownership Seller

Acceptable Financing All Cash to Seller, Cash, Cash to New Loan

Listing Terms All Cash to Seller, Cash, Cash to New Loan

Nearby Locations

Karlee Coleman

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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1196 Lancers LN