$1,242,500
$998,000
24.5%For more information regarding the value of a property, please contact us for a free consultation.
0.25 Acres Lot
SOLD DATE : 08/31/2023
Key Details
Sold Price $1,242,500
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV23143858
Sold Date 08/31/23
HOA Y/N No
Year Built 1964
Lot Size 0.252 Acres
Property Description
Welcome to 1131 E Citrus Avenue, a 4-unit Townhouse building located in the heart of Redlands. Offering a harmonious fusion of comfort and investment potential, this property presents an exciting opportunity for discerning investors and residents seeking a charming place to call home. Each of the four units boasts a spacious layout, with approximately 1000 square feet of living space. Designed with a focus on practicality and style, each unit features two bedrooms and two baths, offering ample space for comfortable living. All bedrooms are located upstairs with a half bath downstairs. Two of the units have undergone complete remodeling, showcasing modern fixtures, upgraded finishes, and contemporary aesthetics. These renovated units are sure to captivate potential tenants seeking a premium living experience. The remaining two units offer a blank canvas for personalization, presenting an opportunity for the new owner to add their touch and further enhance the property's value.Nestled in the charming city of Redlands, this property enjoys proximity to an array of conveniences and attractions. Residents will find themselves within easy reach of shopping centers, dining establishments, parks, and recreational facilities, catering to their diverse lifestyle needs.For savvy investors, this 4-unit apartment building holds significant potential for steady rental income and long-term appreciation. The combination of updated units, a Section 8 rental (guaranteed income), and the opportunity for further improvements positions this property as an excellent addition to any investment portfolio. Property has a separate laundry room ready for a coin operated washer and dryer that can bring in additional income.
Location
State CA
County San Bernardino
Area 268 - Redlands
Interior
Cooling None, Wall/Window Unit(s)
Fireplace No
Laundry Laundry Room
Exterior
Garage Assigned, Garage
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs
Parking Type Assigned, Garage
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 0170251500000
Acceptable Financing Cash, FHA, VA Loan
Listing Terms Cash, FHA, VA Loan
Financing Cash
Special Listing Condition Standard
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Bought with Rudy Ray Muniz • WORK REALTY ADVISORS
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