3306 Alexander Drive, Redding, CA 96002

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.