1259 1261 Magnolia Avenue

Welcome to a prime investment opportunity in the heart of the Magnolia district in downtown Redding. This property features TWO delightful 1930s-style homes on one lot, located at 1259 and 1261 Magnolia Avenue, each brimming with character. Both homes have 2 bedrooms, 1 bath, plus laundry room, with around ~924sf (#1259) and ~882sf (1261), offering original hardwood floors, coved ceilings, and charming architectural details that tenants will love. For the savvy investor, these two units are ready to generate steady rental income. The home at 1259 Magnolia was upgraded with a mini-split A/C system in 2017 and has all low-e windows, while 1261 Magnolia boasts a newer HVAC system installed in 2021 and mostly low-e windows. Each has its own REU power and water meter and the sewer lateral has been replaced at 1259. Both homes have their own small garage suitable for storage and a compact vehicle. With individual backyards, these homes appeal strongly to renters looking for charm and convenience, making this a turnkey addition to your rental portfolio