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Key Details
Sold Price $1,150,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID WS24095714
Sold Date 08/28/24
HOA Y/N Yes
Year Built 1985
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.
Location
State CA
County San Bernardino
Area 268 - Redlands
Interior
Heating See Remarks
Cooling See Remarks
Flooring See Remarks
Fireplaces Type See Remarks
Fireplace Yes
Appliance Gas Water Heater
Laundry See Remarks
Exterior
Garage Detached Carport, Garage, Garage Faces Rear
Garage Spaces 4.0
Carport Spaces 3
Garage Description 4.0
Fence None
Pool None
Community Features Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
Amenities Available Maintenance Front Yard
View Y/N No
View None
Roof Type Composition
Accessibility Parking
Parking Type Detached Carport, Garage, Garage Faces Rear
Total Parking Spaces 9
Private Pool No
Building
Lot Description Landscaped
Faces South
Story 2
Entry Level Two
Foundation See Remarks
Sewer Public Sewer, Unknown
Water Public
Architectural Style See Remarks
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 0167271360000
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with RYAN MCKEE • NEST REAL ESTATE
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