The "Old University Club" apartments are centrally located in the coveted south Redlands market. High demand rent area provides very little turnover. Collectively a total of 9 units with a mix of studios, one bedrooms and a two bedroom. Rents are under market rates which provides an upside opportunity to a new investor. Located on the south east corner of Fern Ave & Cajon St, directly across from Beaver Medical Group and 3 blocks to downtown Redlands amenities. Generational opportunity to acquire a unique property, with value add potential in a historically high demand rental market. Always re-rented within 1-2 weeks of a turnover. Annual gross income on actual rents is ± $99,180.00 and climbing. Please see attached marketing package or email broker for full income / expense summary.
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Price & Sales History
Price & Sales History for 403 Cajon St
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
403 Cajon Street, Redlands, CA 92373 (MLS# EV17130532) is a
Multi-Family property that was sold at $1,260,000 on October 10, 2018.
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Lease with a Right to Purchase
A new affordable option from Home Partners of America. They buy the home, you lease it for 1-5 years with a right to purchase.