610 E Lugonia Ave

Redlands CA 92374

13200 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Income generates 4 unit in a desirable neighborhood. Conveniently located close to public transportation, highways, restaurants, schools, shopping centers, parks and major transportation routes. Residents will have easy access to all amenities. Unit Features: Unit # A: 3-bedrooms, 2 bathrooms, and a cozy fireplace in the living room. Unit # B, 2-bedrooms and 2 bathrooms and a small size of patio off the kitchen. Unit # C, 2-bedrooms and 2 bathrooms and a deck off the kitchen. Unit D: 2 bedrooms and 1 bathroom, with a spacious living area and a deck above the laundry room. Rental Income: Rents are below market due to long-term tenants. Each unit has an excellent floor plan that provides additional rental income potential for future growth. Each unit has its own electric and gas meters. Landlord pays water for the hot water tank for all 4 unit. Monthly HOA dues are $718 for trash, gardening, conducts regular security patrols, and sets aside reserves to maintain the asphalt behind all buildings to provide a professionally maintained appearance.