Property Detail

Description

Turn-Key, Income-Producing Four-Plex in Shasta Lake City. Excellent opportunity to own a four-unit residential income property located at 1531 Mussel Shoals Avenue in Shasta Lake, just minutes from Shasta Dam Boulevard, I-5 access, Shasta Lake, recreation, boating, fishing, skiing at nearby Mt Shasta Ski Resort and many other outdoor adventures. This practical fourplex offers a strong mix of units, including three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, giving investors a desirable rental setup with multiple income streams. Each unit provides comfortable living space, functional floor plans, and air conditioning. The property also features coin-operated laundry for additional convenience and four covered carport spaces for tenant parking. Current gross scheduled monthly income is $3,580, with a gross scheduled annual income of $42,960, offering solid existing income. Conveniently located just minutes from Shasta Dam Boulevard, I-5 access, Shasta Lake, recreation, boating, fishing, skiing at MT Shast Ski Resort and many other outdoor adventures, transportation, shopping and the outdoor lifestyle that makes Shasta Lake City attractive to tenants, this property is a strong addition to any income property portfolio. Seller will Cooperate with 1031 Exchange. Performing, turnkey asset available for anyone currently running down their 45-day identification clock. Professional property management with Immediate positive cash flow. Truly Passive Income.