$1,180,000
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610 Lugonia Avenue Unit 4 Redlands, CA 92374
Apartment
Residence
Beds
Baths
4,006
Sq. Ft.
0.3
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
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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. Seller replaced all units plumbing work and termite work. 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 & gas bill for the hot water tank for all 4 units and the laundry area.
Monthly HOA dues are $718. 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.
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MLS#
WS24151457
Property Type
Apartment
Status
Year Built
1985
Square Feet
4,006
sq. ft
Lot Size
0.3
Stories
2.0
Sewer
Public Sewer
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