$3,140,000
$3,500,000
10.3%For more information regarding the value of a property, please contact us for a free consultation.
4 Baths
0.72 Acres Lot
SOLD DATE : 04/28/2022
Key Details
Sold Price $3,140,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID EV21198636
Sold Date 04/28/22
HOA Y/N No
Lot Size 0.717 Acres
Property Description
Redlands 13 unit complex with exceptional location near downtown. Largest unit (pictured) is a house with 2 bedrooms, 2 bathrooms plus office, eat-in kitchen, formal dining, indoor laundry, spacious living room and basement for storage. 4 Duplexes (see sample pictures) provide eight 1-bedroom, 1-bathroom units with kitchen (stove and refrigerator), dining area, original features including alcoves, wood floors, charming bathroom tilework and both a small front porch and back courtyard. There are 4 studio units, 2 downstairs and 2 upstairs. 9 units are single story with no units above. Currently only 2 units have access to a garage/storage, but all units can have access. So the rent for 11 units does not reflect access to garages. There's an additional 250 sq. ft. storage area + workshop for owner. Coin operated laundry on site. Updated electrical service to units, 1 meter/unit. Gas is 1 meter/unit. Excellent rental history, below market rents. Just moments to Smiley Park and the Redlands Bowl. A couple blocks to Smiley Library, Historic Downtown and about 1/2 mile from the new Packing House District with restaurants, brewery, distillery, shopping and future rail line. Also close to esri, Olive Street Market and elementary school. Large lawn areas. Lovely neighborhood, great walkability factor. Don't miss out on this charming and highly desirable complex. Welcome to 25 Parkwood Manor.
Redlands 13 unit complex with exceptional location near downtown. Largest unit (pictured) is a house with 2 bedrooms, 2 bathrooms plus office, eat-in kitchen, formal dining, indoor laundry, spacious living room and basement for storage. 4 Duplexes (see sample pictures) provide eight 1-bedroom, 1-bathroom units with kitchen (stove and refrigerator), dining area, original features including alcoves, wood floors, charming bathroom tilework and both a small front porch and back courtyard. There are 4 studio units, 2 downstairs and 2 upstairs. 9 units are single story with no units above. Currently only 2 units have access to a garage/storage, but all units can have access. So the rent for 11 units does not reflect access to garages. There's an additional 250 sq. ft. storage area + workshop for owner. Coin operated laundry on site. Updated electrical service to units, 1 meter/unit. Gas is 1 meter/unit. Excellent rental history, below market rents. Just moments to Smiley Park and the Redlands Bowl. A couple blocks to Smiley Library, Historic Downtown and about 1/2 mile from the new Packing House District with restaurants, brewery, distillery, shopping and future rail line. Also close to esri, Olive Street Market and elementary school. Large lawn areas. Lovely neighborhood, great walkability factor. Don't miss out on this charming and highly desirable complex. Welcome to 25 Parkwood Manor.
Location
State CA
County San Bernardino
Area Riv Cty-Redlands (92373)
Zoning Estimated
Interior
Heating Electric, Natural Gas
Cooling Swamp Cooler(s), Wall/Window
Exterior
Roof Type Composition
Building
Lot Description Sidewalks
Story 2
Level or Stories 1 Story
Others
Space Rent $650
Financing Conventional
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1615 Murray Canyon Rd Suite 110, Diego, California, 92108, United States