4,006 SqFt
4,006 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,006 sqft
Price per Sqft $274
MLS Listing ID IG-26177530
HOA Fees $718/mo
Year Built 1985
Lot Size 0.275 Acres
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
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 $48,671. 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 multifamily property to their portfolio.
Location
State CA
County San Bernardino
Area 268 - Redlands
Interior
Heating Central
Flooring Carpet, Laminate, Tile
Fireplaces Type Gas, Living Room
Laundry Common Area, Community
Exterior
Parking Features Garage, Parking Space, Assigned, Carport
Garage Spaces 4.0
Pool None
Community Features Gutters, Sidewalks, Street Lights
Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected
View Y/N Yes
View Mountain(s)
Building
Lot Description Lot 10000-19999 Sqft, Near Public Transit, Sprinkler System
Sewer Public Sewer
Others
Virtual Tour https://justlistedrealestatephotography1.hd.pics/1140-Oxford-Dr/idx