$1,100,000
$1,185,000
7.2%For more information regarding the value of a property, please contact us for a free consultation.
0.28 Acres Lot
SOLD DATE : 01/19/2024
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW23176180
Sold Date 01/19/24
Condo Fees $475
HOA Fees $475/mo
HOA Y/N Yes
Rental Info Month To Month
Year Built 1985
Lot Size 0.275 Acres
Property Description
Welcome to an exceptional investment opportunity in the heart of Redlands, California! This well-maintained, income-generating 4-unit property is a savvy investor's dream come true. Nestled in a desirable neighborhood, this versatile property offers not only a stable source of rental income but also tremendous potential for future growth. Situated in the charming city of Redlands, this property is conveniently located near schools, shopping centers, parks, and major transportation routes. Residents will appreciate easy access to all the amenities the city has to offer. With four individual units, this property presents an excellent opportunity for rental income. Each unit is designed to provide comfortable living spaces, ensuring a steady stream of rental revenue. Redlands has a strong rental market, and this property enjoys a historically low vacancy rate, making it a dependable income generator for investors. A Four car Garage and Ample off-street parking is available for residents, providing convenience and peace of mind. Redlands continues to grow in popularity, and property values have been on the rise. This investment property offers potential for future appreciation, making it a wise choice for long-term investors.
Location
State CA
County San Bernardino
Area 699 - Not Defined
Interior
Interior Features Ceiling Fan(s), Granite Counters
Fireplaces Type Bath, Family Room, Kitchen, Outside
Fireplace Yes
Appliance Dishwasher, Disposal
Laundry Common Area
Exterior
Garage Assigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Foothills, Gutter(s)
Parking Type Assigned
Total Parking Spaces 4
Private Pool No
Building
Lot Description Back Yard, 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 0167271400000
Acceptable Financing Conventional, 1031 Exchange, FHA, Fannie Mae
Listing Terms Conventional, 1031 Exchange, FHA, Fannie Mae
Financing Other
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Peter McKernan • PPF Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "