419 Brookside Avenue

    Redlands, CA 92373
    • $899,000
    • STATUS: Active Under Contract
    • ON SITE: 260 days
    • ID#: EV18070941
    Under Contract
    UPDATED: 55 min ago
    $899,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,262
      SQFT
    • $211
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1946
    County:

    School Ratings & Info

    Description

    Amazing opportunity to own a Medical Bldg with 4 tenants in place. Current rents are $5780 with 650 sq ft available for an additional $1300 a month. Fully rented the building would gross cash flow $6730 a month.Waiting room would account for approximately 412 sq. feet shared space with two suites. 1500 sq ft currently has a 4 year lease with 2 - 5 year options at $3750 and $3950(2nd term) a month. 500 sq. ft is rented for $530 a month (this is a year lease so there is up potential to raise the rent). Two units above the building are 600 sq. feet 1/1 each newly renovated and rent for $875 each. Located in a prime area of Redlands this charming building is a great investment opportunity and with the additional 650 sq feet available for another rental. 6 designated parking spaces behind the building. Newly stucco, new ramp being built. Zoned professional officeSUBJECT TO CANCELLATION OF PREVIOUS ESCROW.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-14T22:31:54.093. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.teamforss.com/homes/82095498

    419 Brookside Avenue Redlands, CA 92373

    • Price: $899,000
    • Status: Active Under Contract
    • Updated: 55 min ago
    • ID#: EV18070941
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,262
    SQFT
    $211
    $/SQFT
    1946
    Built
    Neighborhood:
    268 - Redlands
    County:
    San Bernardino
    Area:
    268 - Redlands
    Property Description
    Amazing opportunity to own a Medical Bldg with 4 tenants in place. Current rents are $5780 with 650 sq ft available for an additional $1300 a month. Fully rented the building would gross cash flow $6730 a month.Waiting room would account for approximately 412 sq. feet shared space with two suites. 1500 sq ft currently has a 4 year lease with 2 - 5 year options at $3750 and $3950(2nd term) a month. 500 sq. ft is rented for $530 a month (this is a year lease so there is up potential to raise the rent). Two units above the building are 600 sq. feet 1/1 each newly renovated and rent for $875 each. Located in a prime area of Redlands this charming building is a great investment opportunity and with the additional 650 sq feet available for another rental. 6 designated parking spaces behind the building. Newly stucco, new ramp being built. Zoned professional officeSUBJECT TO CANCELLATION OF PREVIOUS ESCROW.
    Exterior Features

    Architectural Style See Remarks Entry Location Other Garage Spaces 0.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No Roof Tile Spa Features None Spa YN No

    Interior Features

    Average Studio Area 630 Average Studio Area Units Square Feet Average1 Bed Area 850 Average1 Bed Area Units Square Feet Average2 Bed Area 2500 Average2 Bed Area Units Square Feet Average3 Bed Area 850 Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Central Cooling YN Yes Fireplace Features See Remarks Fireplace YN Yes Heating Central Furnace Heating YN Yes Laundry Features See Remarks Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 13.90 Community Features Curbs Country Us Electric Expense 2400.00 Elevation Units Feet Fuel Expense 360.00 Gross Income 6730.00 Gross Scheduled Income 70800.00 Insurance Expense 2500.00 Land Lease YN No Laundry YN Yes Net Operating Income 53015.00 New Construction YN No New Taxes Expense 9625.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 17785.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 5780.00 Total Expenses 17885.00 Trash Expense 600.00 Utilities Sewer Connected Water Sewer Expense 2400.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Janet Burke of Century 21 Lois Lauer Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-14T22:31:54.093. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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