1140 Oxford Dr - Apartments FOR SALE


Redlands, CA 92374- North Redlands
$1,099,999 USD
909-557-3802
1140 Oxford Dr, Redlands, CA for Sale
$1,099,999 USD
Apartments - FOR SALE
1/38
null | 4.42% Cap Rate

1140 Oxford Dr
Redlands, CA 92374
North Redlands


HIGHLIGHTS

  • New roof and new Pex plumbing
  • Rental upside potential
  • Stable tenants

OVERVIEW

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 $48,671. 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.

FOR SALE DETAILS

PRICE

$1,099,999 USD

PRICE/SF

$275 USD /SF

# OF UNITS

4

PRICE/UNIT

$275,000

CAP RATE

4.42%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1140 Oxford Dr, Redlands

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

Quadruplex

APN/PARCEL ID

0167-271-44

ASK ABOUT THIS PROPERTY

Escrow JoeRealty Masters & AssociatesMore Info
909-557-3802

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Escrow JoeRealty Masters & AssociatesMore Info
909-557-3802

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.