120 West Olive Avenue, Redlands, CA 92373

$590,000 Approx. USD 0 beds, 0 baths
3,080 sqft

Agent Remarks

We are pleased to present this five unit apartment building in Redlands California. This building has one two bedroom two bath, two one bedroom one bathroom, and two studios. Fully occupied building no vacancies. Low expenses great cash flow. Building is walking distance from downtown Redlands where tenants can enjoy shopping and entertainment and walk back to their unit. This market shows a trend of raising rents quarter to quarter making it an excellent investment for years to come. 6.3% CAP RATE actual 7.8% CAP RATE PRO FORMA. Tenants pay electricity and gas. Water, sewer, trash is together ($437) paid by owner. Building has separately metered electricity and gas, building exterior newly painted, building shows pride of ownership. After a decade of ownership the rare opportunity for you to own an apartment building in desirable South Redlands can be realized.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# CV16137359
List price is $590,000 Reduced by $35,000 on 10/24/2016
Beds: 0
Baths: 0
Built in 1940
3,080 sqft
0.19 acres
Lot size: 8400.000
County: San Bernardino
Parking description: Driveway,Unassigned,Uncovered
MLS area: 268 - Redlands

Last Updated: 11/17/2016

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This listing belongs to the 268 - Redlands MLS area

Lat/Long: 34.052902, -117.182983.
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Broker: Courtesy of DORANCE CREIGHTON JR

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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