Drew Wahlund & Tom Brown Presents

Exceptional Redding Investment

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$4,700,000

3141 Churn Creek Road, Redding

Property Details

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Built in 1990, Sagewood Apartments is a 44-unit multifamily community situated on approximately 3.62 acres, featuring a desirable mix of two-bedroom units and townhouse-style residences. The property includes 9 garages, on-site laundry, and a pool, providing strong tenant appeal and long-term stability in a well-located Redding rental corridor.

30 × 2-Bed / 1-Bath
14 × 2-Bed / 1.5-Bath Townhomes
9 Garages

Gross Scheduled Income: $435,450.26
Taxes: $34,959.64
Insurance: $44,070.00
Maintenance & Repairs: $65,159.55
Utilities: $23,354.69

Total Operating Expenses: $167,543.88

**On-site staff expenses are not included in the figures above, as they were previously paid through payroll. Operating expenses may vary depending on how a new owner chooses to manage and operate the property. All income and expense figures are provided for informational purposes only and must be independently verified by buyer. Seller makes no representations or warranties regarding the accuracy of the financial information and shall not be held liable for any discrepancies**

Click Link Below for Full Rent Roll & Financials

https://drive.google.com/file/d/1mktfbtzLzUovX3o2f3VTewJ6660MVN-F/view?usp=sharing

Neighborhood

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Sagewood Apartments is ideally situated in a central Redding location along Churn Creek Road, providing convenient access to major retail centers, restaurants, grocery stores, and everyday services. Its proximity to schools, medical facilities, and major commuting corridors makes it highly attractive to renters seeking convenience and accessibility. The central location reduces commute times and offers walkable or short-drive access to shopping and employment hubs, contributing to strong tenant demand and long-term occupancy stability.