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Bryan Powell

[email protected] +1(916) 521-4687

$ 3,250,000

Est. payment -/mo

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3306 Alexander DR Redding, CA 96002

18,300 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 18,300 sqft

Price per Sqft $177

MLS Listing ID 226066501

HOA Y/N No

Year Built 1972

Lot Size 1.070 Acres

Acres 1.07

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

Alexander Townhomes is a pride-of-ownership 24-unit multifamily community located at 3260 & 3306 Alexander Drive in Redding, California. Constructed in 1972, the property features an attractive unit mix of (23) two-bedroom / one-bath units and (1) three-bedroom / one-and-a-half-bath unit, each offering functional townhouse layouts. Each unit features vinyl plank flooring, updated lighting and electrical fixtures, and solid wood kitchen cabinetryfinishes that enhance overall consistency, maintainability, and pride of ownership throughout the property. Alexander Townhomes benefits from a highly desirable, family-oriented location adjacent to Rother Elementary School and within close proximity to Parsons Junior High and Enterprise High School, supporting consistent rental demand from families and local educators. Redding's multifamily market is characterized by limited supply, vacancy rates near 3.5%, and steady demand, with minimal new construction reinforcing a stable and affordable rental environmentparticularly within the workforce housing segment. These favorable fundamentals underpin long-term rent growth potential, operational resilience, and overall investment stability. The next owner will acquire a well-maintained asset with in-place cash flow and clear upside potential, requiring limited near-term capital expenditures.

Location

State CA

County Shasta

Area Shasta County

Direction Churn Creek to Shirley to Alexander.

Rooms

Other Rooms Unit-1 Type: Apartment Approx SqFt: 750 Bedrooms: 2 Full Baths: 1 Rent: 1200 SqFt Source: Not Measured Unit-2 Type: Apartment Approx SqFt: 1050 Bedrooms: 3 Full Baths: 1 Partial Baths: 1 Rent: 1400 SqFt Source: Not Measured

Interior

Heating Central

Cooling Central

Flooring Laminate, Luxury Vinyl Plank

Appliance Gas Water Heater, Electric Cook Top, Tankless Water Heater, Free Standing Electric Oven, Free Standing Electric Range

Laundry Coin Operated, Washer/Dryer Leased, In Common Area

Exterior

Parking Features Open

Utilities Available Electric, Natural Gas Connected

Water Access Desc Water District,Public

Building

Lot Description Cul-De-Sac, Sidewalk, Landscape Front

Foundation Slab

Sewer Public Sewer

Water Water District, Public

Schools

Elementary Schools Enterprise Elementary

Middle Schools Enterprise Elementary

High Schools Shasta Union High

School District Shasta

Others

Senior Community No

Tax ID 068-120-062-000

Special Listing Condition None

Listed by ALIVE Commercial Real Estate

Bryan Powell

Broker | CA DRE#02003689

+1(916) 521-4687

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Bryan Powell

3306 Alexander DR Redding, CA 96002

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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3306 Alexander DR