3260 & 3306 Alexander Dr

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Address: Skibo VIC 3260, Australia
California & West + Apartment Buildings
Created date: May 14, 2026
Date last updated: May 14, 2026
Price: $3,250,000Investment Analyzer NEW!
  • Meticulously maintained property held under the same family ownership for over 23 years, reflecting long-term care and operational stability.
  • Spacious two- and three-bedroom units offering functional layouts that appeal to families and long-term tenants.
  • Situated within a peaceful cul-de-sac location, providing a desirable living environment with limited through traffic.
  • Offering a compelling 6.37% day-one cap rate, conservatively underwritten with a 40% expense ratio.
  • Three on-site laundry facilities, a dedicated picnic area, and a large parcel with ample parking.
  • Current rents are approximately 14% below market, presenting a clear opportunity to drive revenue through strategic rent increases and natural tenant turnover.

Property Description

ALIVE Commercial Real Estate is proud to exclusively present Alexander Townhomes, 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 cabinetry—finishes 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 environment—particularly 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.
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Broker Details

Spencer Moyer
Spencer Moyer

Alive Commercial Real Estate 916-885-4202

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Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $3,250,000
No. of Units: 24
Year Built: 1972
Lot Size: 1.07 Acres
Opportunity Zone: No
Price per unit: $135,417
Property Website Click Here
Address: 3260 & 3306 Alexander Dr, Redding, CA 96002, USA
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