610 E LUGONIA AVE REDLANDS, CA 92374

Features

• Price/sqft: $294
• Lot Size: 13200
• Total Units: 4
• Total Rooms: 10
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
• Construction Type: Wood

Facts

• Year Built: 01/01/1985
• Property ID: 953665292
• MLS Number: WS24151457
• Parcel Number: 0167-271-35-0000
• Property Type: Multi-family (5 or more units)
• County: SAN BERNARDINO
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Welcome to the heart of Redlands! Generate income from 4 properties in a desirable neighborhood with a steady rental income stream. The property is conveniently located close to public transportation, highways, restaurants, schools, shopping centers, parks and major transportation routes. Residents will have easy access to all amenities. Building Features: unit # A, 3-bedroom, 2 bath & a fireplaces in the living room, and a small backyard by the kitchen back door. Unit # B, 2-bedroom 2 bathroom and a small size deck by the kitchens back door area. Unit # C, 2-bedroom 2 bathroom and a small size of deck by the kitchens back door area. unit # D, 2-bedroom, 1 bathroom very large living area for this unit and with a good size of deck above the laundry room. The rent is below market due to long-term tenants. Each unit has excellent surface planting, providing additional rental income potential for future growth. Each unit has individual electric and gas meters. All 4 units have their own garages, plus 3 covered parking spaces and 2 open parking spaces. Separate gas & electric meters in each unit tenant pays themself. Owner pays water and hot water tank gas bills. Each unit's tenant paid for their own electrical, gas bill. 4 gas meter and 4 electrical meters for each individual unit. Landlord has to pay for water and gas bill for hot water heater tank and laundry room services. Monthly HOA dues are $684. The HOA pays for dumpsters and normal gardening, conducts regular security patrols, and sets aside reserves to maintain the asphalt behind all buildings to provide a professionally maintained appearance.