0 Redlands FwyRedlands, CA 92374

This exceptional 25-unit multifamily investment opportunity in Redlands, CA, presents a compelling proposition for discerning investors. Comprising seven separate buildings – three triplexes and four four-plexes – this portfolio boasts a substantial 32,000 square feet of net rentable space, currently enjoying 100% occupancy. Built in 1965, the property is situated in a prime location near downtown Redlands, offering convenient access to the city's amenities, including the local college and hospitals, as well as major freeways. The asking price is $6,880,000, translating to $215 per square foot and $275,200 per unit. The property generates a significant annual gross income of $495,300, with potential for further revenue growth. The sale is structured to accommodate a 1031 exchange, and the buyer will assume existing lease agreements. The property is being sold "as is." This presents a rare chance to acquire a well-established, high-performing rental portfolio in a desirable California location. The property is located at a Redlands address in San Bernardino County, CA, zip code 92374.