$1,150,000
$1,150,000
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9 Beds
7 Baths
0.28 Acres Lot
SOLD DATE : 08/28/2024
Key Details
Sold Price $1,150,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID WS24095714
Sold Date 08/28/24
Bedrooms 9
HOA Y/N No
Lot Size 0.278 Acres
Property Description
Welcome to the heart of Redlands! Generate income from 4 properties in a desirable neighborhood with a steady rental income stream. The property is conveniently located close to public transportation, highways, restaurants, schools, shopping centers, parks and major transportation routes. Residents will have easy access to all amenities. Building Features: 1 unit is a three bedroom, 2 bath & a fireplaces in living room. 2 units are two-bedroom 2 bath. another 1 unit is a one-bedroom, one-bath. The rent is below market due to long-term tenants. Each unit has excellent surface planting, providing additional rental income potential for future growth. Monthly HOA dues are $684. The HOA pays for dumpsters and normal gardening, conducts regular security patrols, and sets aside reserves to maintain the asphalt behind all buildings to provide a professionally maintained appearance. Each unit has individual electric and gas meters. All 4 units have their own garages, plus 3 covered parking spaces and 2 open parking spaces. Separate gas & electric meter in each unit tenant pays themself. Owner pays water, exterior electric and hot water tank gas bill.
Welcome to the heart of Redlands! Generate income from 4 properties in a desirable neighborhood with a steady rental income stream. The property is conveniently located close to public transportation, highways, restaurants, schools, shopping centers, parks and major transportation routes. Residents will have easy access to all amenities. Building Features: 1 unit is a three bedroom, 2 bath & a fireplaces in living room. 2 units are two-bedroom 2 bath. another 1 unit is a one-bedroom, one-bath. The rent is below market due to long-term tenants. Each unit has excellent surface planting, providing additional rental income potential for future growth. Monthly HOA dues are $684. The HOA pays for dumpsters and normal gardening, conducts regular security patrols, and sets aside reserves to maintain the asphalt behind all buildings to provide a professionally maintained appearance. Each unit has individual electric and gas meters. All 4 units have their own garages, plus 3 covered parking spaces and 2 open parking spaces. Separate gas & electric meter in each unit tenant pays themself. Owner pays water, exterior electric and hot water tank gas bill.
Location
State CA
County San Bernardino
Area Redlands (92374)
Zoning Assessor
Interior
Cooling Other/Remarks
Appliance Other/Remarks
Exterior
Exterior Feature Stucco
Roof Type Composition
Building
Lot Description Sidewalks
Story 2
Level or Stories 2 Story
Others
Acceptable Financing Exchange
Space Rent $1,850
Listing Terms Exchange
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1615 Murray Canyon Rd Suite 110, Diego, California, 92108, United States