1023 Herald Street, Redlands, CA 92374

About this property

Perfect multi-family property for an investor or house hacker looking to maximize their rental potential. Would make the perfect owner occupied property. House hack your way to financial freedom through the power of real estate! This 4-unit property has been completely remodeled with new exterior and interior paint, updated flooring, upgraded kitchens, new appliances, renovated bathrooms, and so much more! Rental income is based on only 3 units. Potential rent for 4th unit is $1,200 per month. Total gross proforma rents per year are $55,299 upon full occupancy. (Approx 6% CAP with factoring in vacancy and 30% expenses.) MOTIVATED SELLER! Property can go FHA!

Listing description from the December 2020 sale, as reported to CRMLS.

Sale history

$570,000

Sold December 2020 · listed $585,000, orig. $650,000, on market July 2020 · MLS #IV20143935 · Source: CRMLS

Listing Agent: TYLER HUNGERFORD · Listing Office: REALTY MASTERS & ASSOCIATES · Contact: 951-660-5981 · Bought with: Prashant Sampat · Pacific Avenue Realty

$435,000

Sold September 2019 · listed $479,990, on market June 2019 · MLS #IV19142192 · Source: CRMLS

Listing Agent: RAMIRO QUEZADA · Listing Office: KELLER WILLIAMS RIVERSIDE CENT · Contact: 951-776-5700 · Bought with: Jorge Cardenas · Home Smart Realty Group

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