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$1,180,000
Est. payment /mo
0.3 Acres Lot
UPDATED:
12/10/2024 09:47 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS24151457
HOA Y/N Yes
Year Built 1985
Lot Size 0.303 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. Seller replaced all units plumbing work and termite work. Unit Features:
Unit # A: 3-bedrooms, 2 bathrooms, and a cozy fireplace in the living room.
Unit # B, 2-bedrooms and 2 bathrooms and a small size of patio off the kitchen.
Unit # C, 2-bedrooms and 2 bathrooms and a deck off the kitchen.
Unit D: 2 bedrooms and 1 bathroom, with a spacious living area and a deck above the laundry room.
Rental Income, Rents are below market due to long-term tenants. Each unit has an excellent floor plan that provides additional rental income potential for future growth. Each unit has its own electric and gas meters. Landlord pays, water & gas bill for the hot water tank for all 4 units and the laundry area.
Monthly HOA dues are $718. 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.
Unit # A: 3-bedrooms, 2 bathrooms, and a cozy fireplace in the living room.
Unit # B, 2-bedrooms and 2 bathrooms and a small size of patio off the kitchen.
Unit # C, 2-bedrooms and 2 bathrooms and a deck off the kitchen.
Unit D: 2 bedrooms and 1 bathroom, with a spacious living area and a deck above the laundry room.
Rental Income, Rents are below market due to long-term tenants. Each unit has an excellent floor plan that provides additional rental income potential for future growth. Each unit has its own electric and gas meters. Landlord pays, water & gas bill for the hot water tank for all 4 units and the laundry area.
Monthly HOA dues are $718. 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.
Location
State CA
County San Bernardino
Area 268 - Redlands
Interior
Cooling Central Air
Fireplace No
Laundry Laundry Room
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description Front Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 0167271350000
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Listed by HELEN CHAN • IRN REALTY • 626-632-3688