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River Commons Senior Living | 301 Hartnell Ave
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River Commons Senior Living 301 Hartnell Ave
103 Unit Apartment Building $13,750,000 ($133,495/Unit) Redding, CA 96002
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INVESTMENT HIGHLIGHTS
- Featuring 103 units of independent living at 70% occupancy.
- River Commons was renovated in 2019 and has many robust amenities.
- Assumable FNMA loan with a principal balance of $12.7 million at an interest rate of 4.1% set to mature in November 2026.
- Well-positioned near conveniences such as Urgent Care, national retail and finance locations.
EXECUTIVE SUMMARY
River Commons, located at 301 Hartnell Avenue in Redding, California offers 103-units of independent living. The community has a 70% occupancy rate with assumable FNMA debt of $12.7M at 4.1%, maturing in November 2026.
River Commons was renovated in 2019, and is very well maintained. Amenities feature a pet friendly facility with resident gardens, spacious apartments, laundry-services, and home-style meals made from local ingredients.
Full financials, rent rolls, and debt terms are available in the Data Room.
River Commons was renovated in 2019, and is very well maintained. Amenities feature a pet friendly facility with resident gardens, spacious apartments, laundry-services, and home-style meals made from local ingredients.
Full financials, rent rolls, and debt terms are available in the Data Room.
PROPERTY FACTS
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Community-Wide WiFi
- Maintenance on site
- Meal Service
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
Studios | 20 | - | 362 - 438 |
1+1 | 57 | - | 550 - 675 |
2+1 | 17 | - | 814 |
2+2 | 9 | - | 905 |
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PROPERTY TAXES
Parcel Number | 107-420-033-000 | Improvements Assessment | $11,502,420 |
Land Assessment | $2,500,000 | Total Assessment | $14,002,420 |
PROPERTY TAXES
Parcel Number
107-420-033-000
Land Assessment
$2,500,000
Improvements Assessment
$11,502,420
Total Assessment
$14,002,420
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River Commons Senior Living | 301 Hartnell Ave
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