42
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$1,175,000
Est. payment /mo
10 Beds
7 Baths
0.28 Acres Lot
New
1140 Oxford Drive Redlands, CA 92374
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IG26177530
Bedrooms 10
HOA Fees $718/mo
Lot Size 0.275 Acres
Property Sub-Type Res Income 2-4 Units
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 multifamily property to their portfolio.
Location
State CA
County San Bernardino
Zoning Assessor
Direction 10 fwy to Orange St. to E. Brockton Ave. to Oxford Dr.
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
HOA Name Citrus HOA
HOA Fee Include Exterior (Landscaping),Trash Pickup
Senior Community No
Tax ID 0167271440000
Acceptable Financing Conventional, FHA, VA
Listing Terms Conventional, FHA, VA
Virtual Tour https://justlistedrealestatephotography1.hd.pics/1140-Oxford-Dr
Listed by Joe Marroquin, DRE#01332311 Realty Masters & Associates
NEARBY SCHOOL & BUSINESS
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