Now is the time to buy apartments in Redding and the North State

Did you know? There are 47 apartment buildings currently on the market, from $220,000 up to $2,900,000, in Redding, Anderson, and the North State…and good financing is available to qualified buyers. In the North State, for example in Chico, not far from Chico State and opposite Bidwell Park, there is a 48 unit listed at $3,995,000 with a 7 cap. If you go down the Central Valley a bit, there is a complex in Oroville with a 13% cap, and a little further south, a 9.2% cap in Fairfield and a 12.7% cap in Modesto. And, we have Bank Owned apartment complexes, such as in Merced, where there is a 52 unit availble at $1,200,000.

All of this is to say that, with good financing and plenty of it available, this is the time to look for an apartment complex as one of the best investment products on the market. If you are looking for something less than 5 units, we have them from a duplex at $95,000 up….take your pick.

For a complete list of available properties in the North State, including Redding, Chico, the I-80 corridor, and Sacramento south, e-mail me with your specific requirements. Through our network and association with other commercial agents, we have plenty available. e-mail to ronlargent@kw.com and visit our site at www.ronlargent.com