1140 Oxford Drive, Redlands, CA 92374
- $1,074,999
- List Price
- $1,074,999
- Status
- ACTIVE
- Days on Market
- 48
- Price Change
- ▼ $25,000 1788476550
- MLS#
- IG26177530
- Subtype
- Residential Income
- Year Built
- 1985
- Lot Size
- 12,000
- Acres
- 0.28
- MLS Area Major
- Redlands (268)
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 $50,158. 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.
Additional Information
- HOA Freqency
- Monthly
- Flooring
- Carpet, Laminate, Tile
- Appliances
- Dishwasher, Disposal, Gas Range, Water Heater
- Heating
- Central
- Air Conditioning
- Yes
- Stories
- Two Levels
- Levels
- Two
- Roof
- Composition
- Pool Type
- None
- Parking Features
- Assigned, Carport, Garage, One Space
- Garage Spaces
- 4
- View
- Mountain(s), Neighborhood
Mortgage Calculator
Listing courtesy of Listing Agent: Joe Marroquin (escrowjoe@gmail.com) from Listing Office: Realty Masters & Associates.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.