0.28 Acres Lot
0.28 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Citrus Hoa
MLS Listing ID IG26177530
HOA Fees $718/mo
HOA Y/N Yes
Year Built 1985
Lot Size 0.275 Acres
Property Sub-Type Quadruplex
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
Cooling Central Air
Flooring Carpet, Laminate, Tile
Fireplaces Type Gas, Living Room
Fireplace Yes
Appliance Dishwasher, Disposal, Gas Range, Water Heater
Laundry Common Area
Exterior
Parking Features Assigned, Carport, Garage, One Space
Garage Spaces 4.0
Carport Spaces 4
Garage Description 4.0
Fence None
Pool None
Community Features Gutter(s), Street Lights, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Amenities Available Maintenance Grounds, Trash, Utilities
View Y/N Yes
View Mountain(s), Neighborhood
Roof Type Composition
Total Parking Spaces 12
Private Pool No
Building
Lot Description Near Public Transit, Sprinkler System
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
HOA Name Citrus HOA
HOA Fee Include Pest Control
Senior Community No
Tax ID 0167271440000
Energy Description 1360.0
Acceptable Financing Cash to New Loan, Conventional, FHA, VA Loan
Listing Terms Cash to New Loan, Conventional, FHA, VA Loan
Special Listing Condition Standard, Trust
Virtual Tour https://justlistedrealestatephotography1.hd.pics/1140-Oxford-Dr/idx
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