4 units - Redlands University | 135 Cook St
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4 units - Redlands University 135 Cook St
4 Unit Apartment Building $1,225,000 ($306,250/Unit) 5.65% Cap Rate Redlands, CA 92374
INVESTMENT HIGHLIGHTS
- Property near University of Redlands & Metrolink transit station
EXECUTIVE SUMMARY
Prime 4-unit multi-family property in Redlands ready for your magic touch! Close proximity to metro-link station. City of Redlands will allows for 1-2 garage conversions. Each spacious 2-story unit features a 1,056 sq. ft., 2 bedroom,1.5 baths with a small backyard area. Each unit has their own garage with automatic garage door opener, central heat and wall AC units. Property features on site laundry room and paved parking lot with vinyl fencing. Excellent investment for new and seasoned real estate investors. Ideal for 1031 exchange buyers looking to maximize their rental income potential. Do not disturb tenants.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,225,000 | Apartment Style | Low Rise |
| Price Per Unit | $306,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 5.65% | Building Size | 4,224 SF |
| Gross Rent Multiplier | 15.23 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 0.95/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,225,000 |
| Price Per Unit | $306,250 |
| Sale Type | Investment |
| Cap Rate | 5.65% |
| Gross Rent Multiplier | 15.23 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 4,224 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 0.95/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Storage Space
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 4 | $1,425 | 1,050 |
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PROPERTY TAXES
| Parcel Number | 0170-251-38 | Improvements Assessment | $809,847 |
| Land Assessment | $208,080 | Total Assessment | $1,017,927 |
PROPERTY TAXES
Parcel Number
0170-251-38
Land Assessment
$208,080
Improvements Assessment
$809,847
Total Assessment
$1,017,927
ZONING
| Zoning Code | R3, Redlands |
| R3, Redlands |
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4 units - Redlands University | 135 Cook St
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