102 Parkwood Dr, Redlands, CA 92373

7 Unit Apartment Building | $1,595,000 ($227,857/Unit) | 5.45% Cap Rate | Redlands, CA 92373

Asking Price $1,595,000

Sale Condition: 1031 Exchange
Property Type: Multifamily
Square Feet: 3,936 SF

Listing Contacts

Prashant Sampat

Verified Profile

Property Info

Property Overview

Welcome to this charming 7-unit complex located in the heart of Redlands, ideally situated on a spacious corner lot directly across from the serene Smiley Park. This residence offers both a tranquil environment for residents and an incredible investment opportunity. The complex consists of six one-bedroom, one-bathroom units and one studio with a bathroom, each designed to maximize natural light and provide an open-concept living experience. Every apartment features luxury vinyl flooring throughout, along with a cozy kitchen and living space. Each unit is equipped with individual electric meters, ensuring convenience and efficiency. This peaceful and well-maintained complex boasts beautifully landscaped grounds, including a spacious front and backyard that are perfect for recreation or relaxation. Residents will enjoy the convenience of being close to a variety of dining, shopping, and entertainment options. The area is surrounded by beautiful parks and walking paths, offering ample opportunities for outdoor activities, while downtown Redlands, with its additional amenities, is just a short drive away. Don't miss your chance to own this delightful property that combines comfort, convenience, and a prime location. Schedule a viewing today and discover all that this exceptional complex has to offer!

Property Details

Year Built/Renovated: 1940/2023
Stories: 2
Lot Size (sq. ft): 7,841 SF
Units: 7

Highlights

Walking Distance from Downtown Redlands!
Full Renovated Units at Close to Market Rent!
Directly Across from Smiley Park!
Huge ADU Upside, can Build two ADU's !

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