Exceptional Upland 4-Plex Property: A Unique Investment Opportunity In the realm of real estate, finding a property that seamlessly combines practicality with potential is a rare delight. The exceptional Upland 4-plex property stands out as one such opportunity, boasting a unique configuration that caters to a variety of residential needs.… Read More With each unit featuring two bedrooms and 1.5 baths. One of the distinguishing features of this 4-plex is its thoughtful design, which includes separate electric and gas meters for each unit. A single central water heater serves the entire building, ensuring efficient operation and reduced maintenance costs. The inclusion of an assigned covered detached parking garage for each unit further adds to the appeal, providing tenants with the security and convenience they desire. The communal coin-operated laundry machine serves as a practical amenity, catering to the needs of all residents while minimizing the space and energy required for individual laundry setups. This communal aspect fosters a sense of community among tenants while promoting an efficient use of resources. Significantly, the property is Section 8 approved, which opens the door to a wider pool of potential tenants. Three of the four units are currently leased, providing immediate rental income for the savvy investor. Meanwhile, the owner occupies the fourth unit, which may be possible for lease back or vacate upon the sale, allowing the new buyer the flexibility to either occupy it or lease it out. Investing in this Upland 4-plex is not merely a financial decision; it is an opportunity to take pride in ownership while contributing positively to the community. In conclusion, the exceptional Upland 4-plex property stands as a testament to thoughtful investment in real estate. With its well-designed units, practical amenities, and the opportunity to generate immediate income it represents a rare find in today’s market. As the demand for quality rental properties continues to rise, this 4-plex offers a promising avenue for investors looking to make a meaningful impact while securing their financial future. Whether for personal use or as a rental property, this investment is poised to deliver both immediate and long-term rewards. Read Less
Property listed by PMI INLAND EMPIRE, Samson Debebe 909-527-4440
Listing Snapshot
Days Online
194
Last Updated
Property Type
Quadruplex
Lot Size
0.18 Acres
Year Built
1975
MLS Number
CV24166610
30 Days Snapshot Of 91786
$717k
-6%
(avg) sold price
25
+13%
homes sold
89
+14%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road frontage type: CityStreet
Building
Built in 1975, Building area total: 4,028, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: OneCommonWall
Community
StreetLights
Cooling
WallWindowUnits
Expenses
Electric expense: $692, Fuel expense: $1,133, Gardener expense: $720, Insurance expense: $3,912, Licenses expense: $155, New taxes expense: $12,555, Operating expense: $23,543, Trash expense: $1,556, Water sewer expense: $2,370
Fence
Wood
Garage
4 spaces
Income
Gross income: $94,320, Net operating income: $73,417
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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