Properties
Redlands, CA 92374 323 E Colton
$599,000
27 more
Presented By: DANIEL GRUNER with THE ASSOCIATES REALTY GROUP; 951-775-5979
Baths • 1
SQFT • 1,536
Garage • 1
Home Details
Fantastic opportunity to purchase a turnkey duplex within walking distance to University of Redlands and downtown. This rare investment opportunity offers a fully leased 2 units includes a spacious 2 bedroom, 1 bath downstairs and a generous 1 bedroom, 1 bath upstairs. Also includes a garage and a storage room, along with a shared laundry room including 2 washers and 2 dryers. The roof was replaced in 2016. Separate meters for electricity. The units are in great condition and the lot is fully landscaped. Fantastic long term tenants that would love to stay. This is an easy breezy long term investment.
Presented By: DANIEL GRUNER with THE ASSOCIATES REALTY GROUP; 951-775-5979
Interior Features for 323 E Colton
Other Interior Features
Air Conditioning Y/NYes
Common Walls1 Common Wall
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommon Area, Laundry Room
Total Stories2
Other Rooms
Entry Level1
General for 323 E Colton
AccessibilityNone
Additional Parcels Y/NNo
AppliancesDryer, Washer
Building Area UnitsSquare Feet
CityRedlands
Community FeaturesBiking, Curbs, Dog Park, Fishing, Park, Sidewalks
Contingency1031 exchange, we already have identified the property
CoolingWall/Window Unit(s)
CountySan Bernardino
DirectionsFrom Orange, its 6 or 7 blocks east.
DisclosuresPrincipal is Real Estate Licensed
Entry Location1
Fuel Expense
Garage Spaces1
Garage Y/NYes
Gross Income40800
HOANo
HOA Fee$
HeatingHeat Pump, Wall Furnace
Insurance Expense1512
Land Lease Y/NNo
LevelsTwo
Listing TermsCash to New Loan, 1031 Exchange
Lot Size Square Feet5652
Lot Size UnitsSquare Feet
MLS Area268 - Redlands
Net Operating Income29668
New ConstructionNo
Number Of Units Total2
Open Parking Spaces2
Operating Expense11132
Pool FeaturesNone
PostalCityREDLANDS
Property Attached Y/NYes
Property ConditionTurnkey
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidential Income
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot7
Taxes$8,400
Tenant PaysCable TV, Electricity, Gas
Trash Expense0
UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
ViewMountain(s)
Water Sewer Expense1200
Year Built1891
Year Built SourceAssessor
Exterior for 323 E Colton
Building Area Total1536
FencingBlock, Wrought Iron
Inclusions2 washers and 2 dryers
Lot FeaturesCorner Lot, Sprinklers In Front
Lot Size Acres0.1298
Lot Size Area5652
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters2
Number of Separate Gas Meters1
Number of Separate Water Meters1
Parking FeaturesDriveway
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypePaved
SpaNo
Total Parking3
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
