1558 N Lugo Avenue San Bernardino, CA 92404
Highlights; Competitive Actual CAP Rate of 6.07% / ProForma CAP Rate of 6.69% - ProForma CAP Rate Based on Increasing Rents to Current Market Rents. First Time to The Market In Over 23 Years! $60, 000+ in Capital Improvements Completed Between 2016-17. - New Exterior Paint, Updated Roofing, HVAC Systems, Water Heaters, contact for full list. Rental Comps Illustrate a 98% Occupancy Area. Property is 100% Occupied With Long Term Tenants. Onsite Laundry Room. 10% Upside in Potential Rental Income. Updated Security System, Remote Controlled Gated Entry, Covered Parking, Onsite BBQ Social Areas & Storage, Security Doors, Exterior Shade Screens, contact for full details. The Lugo Apartments is Located on a large, 17, 300 Sq. Ft. lot, the property is composed of twelve 2-bedroom, 2-bathroom units, all over 790 square feet. The amenities include a gated entry, a covered parking and an onsite laundry facility. The property has underwent many major capital improvements throughout current ownership. Contact for the full marketing materiel with detailed capital improvements.The exceptional care that has been taken in this property, reflects the pride of ownership of its current owner. Scheduled maintenance, quality updates and improvements have always been a priority for the owner and make this property, a true turnkey asset for prospective buyers, who are looking for peace of mind, knowing they invested in a quality property, that will require minimal maintenance, for decades to come., Directions 215 Fwy north, exit right to West Base Line St., left on Lugo Ave.
Interior Features Include:
Attic Fan, Copper Plumbing Full
Rooms Master Suite
Window Cov: Double Pane Windows
Source Central Furnace, High Efficiency
Floor Type: Carpet, Tile
Exterior Features Include:
Acreage: 0.0000 Acres
Description 11-15 Units/Acre
Square Feet 17300
Garage/Parking: Built-In Storage, Carport Detached, Garage - Single Door
Parking Built-In Storage, Carport Detached, Garage - Single Door
Garage Capacity: 2
Other Features Include:
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