Redlands, CA 92373,135 S Center ST
$550,000
Est. payment /mo
$560,000
1.8%
Est.Price: ?

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0.28 Acres Lot
SOLD DATE : 05/05/2015

Key Details

Sold Price $550,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV14159944

Sold Date 05/05/15

HOA Y/N No

Year Built 1910

Tax Year 2013

Lot Size 0.285 Acres

Property Description

We are pleased to present this six unit apartment building in Redlands California. This building has one two bedroom one bath, four one bedroom one bathroom, and one studio. Fully occupied building no vacancies. Low expenses great cash flow. 6.5% CAP RATE ACTUAL - 7.4% CAP RATE PRO FORMA - 22% CASH ON CASH RETURN. Building is blocks from downtown Redlands where tenants can enjoy shopping and entertainment. This market shows a trend of raising rents quarter to quarter making it an excellent investment for years to come. Tenants pay electricity and gas. Building has separately metered electricity and gas, front building exterior newly painted, building shows pride of ownership no deferred maintenance. All unit have ice cold AC and heaters for the winter. Over the last 10 years owners have upgraded exterior and interior of this building and it shows! Great investment for new and experienced investors.

Location

State CA

County San Bernardino

Area 268 - Redlands

Interior

Fireplace No

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Street Lights

Utilities Available Sewer Available

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Water Public

Others

Senior Community No

Tax ID 0171231010000

Acceptable Financing Submit

Listing Terms Submit

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by ANDREW ESPINOZA • CENTURY 21 KING
Bought with NATALIE JOHNSON • REAL ESTATE ASSOCIATES

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Max Chuong Thai

+1(323) 309-3423

Agent | License ID: 02134406

Agent License ID: 02134406

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