Residential Income Details
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 office
SUBJECT TO CANCELLATION OF PREVIOUS ESCROW.
|Number of Units||5|
|Listing Brokerage||CENTURY 21 LOIS LAUER REALTY|
|Listing Agent||JANET BURKE|
|Listing Agent BRE #||01111173|
Based on information from California Regional Multiple Listing Service, Inc. as of Wednesday, September 19, 2018.
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