102 Parkwood Dr Redlands, CA 92373

This exceptional 7-unit apartment building presents a compelling investment opportunity in desirable Redlands, CA. Located on a spacious 0.183-acre corner lot directly across from Smiley Park, this 3,936 square foot complex offers a tranquil setting and strong rental income. The property comprises six one-bedroom, one-bathroom units and one studio unit, each featuring luxury vinyl flooring, a cozy kitchen, and an open-concept living area. Individual electric meters enhance efficiency for both residents and the owner. Built in 1940, the property boasts beautifully landscaped grounds, including a spacious front and backyard. The complex benefits from a 6.16% cap rate and a net operating income (NOI) of $98,180, with an asking price of $1,595,000 ($405.23/sq ft). Its prime location offers residents easy access to dining, shopping, entertainment, and ample outdoor recreational opportunities, with downtown Redlands a short distance away. The property's strong and stabilized rents, combined with its desirable location and recent interior renovations, make it an attractive investment prospect. The APN is 0171233100000. This is a turnkey opportunity to acquire a well-maintained, high-demand multifamily property in a thriving California market.