Located on prestigious Fern Avenue in the highly desirable Smiley Heights Historic District, this 7-unit multifamily property is a rare find in an A+ Redlands location. Just minutes from Downtown Redlands, the University of Redlands, and ESRI headquarters - the world's leading location-based technology company - this property is perfectly positioned for strong rental demand. Situated on a spacious 9,300+ sq. ft. lot, this property features a huge parking area with 4 private garages plus additional open parking spaces. Additionally, the ample lot size provides excellent potential for adding Accessory Dwelling Units (ADUs), offering investors a fantastic opportunity to increase rental income. Residents enjoy the best of South Redlands, with tree-lined streets, historic charm, and modern conveniences all within reach. The area boasts top-rated public schools, scenic parks, shopping centers, fitness facilities, and a vibrant dining scene. Plus, with easy access to I-10, San Bernardino International Airport (7 miles away), and surrounding cities, this is an unbeatable location for tenants. This is an outstanding opportunity to own a well-positioned investment property with significant value-add potential in one of Redlands' most sought-after areas.