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John Fagan

john@johnfagangroup.com +1(669) 303-8501

Listed by Joe Marroquin, DRE #01332311 • Realty Masters & Associates

$ 1,175,000

Est. payment | -/mo

0.28 Acres Lot

Save

$ 1,175,000

Est. payment | -/mo

Save

0.28 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRIG26177530

HOA Fees $718

Year Built 1985

Lot Size 0.275 Acres

Property Sub-Type Fourplex

Source California Regional MLS

Property Description

Excellent investment opportunity in the heart Redlands! This well-maintained quadruplex features four separate units, including two spacious 3-bedroom, units and two spacious 2-bedroom units, offering a desirable mix of floor plans. The property has recently been updated with a new roof, new exterior paint, and new PEX plumbing throughout, providing several important improvements for the next owner. Each unit has its own garage and covered carport, providing residents with convenient covered parking, along with additional off-street parking. A centrally located community laundry room adds another convenience for tenants. Excellent value-add opportunity with four spacious units and current gross rental income of $81,288 annually. Actual NOI is $48,358. Current rents offer approximately $2,200 per month in potential upside, providing investors an opportunity to increase income through future rent growth. The property is ideally located with easy access to Downtown Redlands for shopping, dining, and entertainment, along with convenient freeway access and close proximity to the University of Redlands. With four separate units, recent improvements, ample parking, and a desirable location, this property presents an excellent opportunity for an investor looking to add a multifa

Location

State CA

County San Bernardino

Area 268 - Redlands

Rooms

Kitchen Dishwasher, Garbage Disposal, Oven Range - Gas

Interior

Heating Central Forced Air

Cooling Central AC

Flooring Laminate

Laundry Laundry Area, Washer/Dryer - Owned, Community Facility

Exterior

Parking Features Assigned Spaces, Carport , Garage, Parking Area

Garage Spaces 12.0

Pool 31, None

View Hills, Local/Neighborhood

Roof Type Composition

Building

Water Hot Water, District - Public

Others

Tax ID 0167271440000

Special Listing Condition Not Applicable

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(669) 303-8501

john@johnfagangroup.com

1295 E Dunne Ave Suite 130 Morgan Hill, CA 95037, USA

1140 Oxford DR Redlands, CA 92374

John Fagan

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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1140 Oxford DR