1525 E Lynwood Dr, San Bernardino, CA 92404

Property Description

INVESTMENT HIGHLIGHTS: Competitive Offering Actual CAP Rate of 6.24 %, Competitive Offering Actual GRM of 9.20, $13,000 Per Unit of Capital
 Improvements, Non-Rent Control Community & Area, The Apartment is 96 % Occupied & Rental Comparables Illustrate a 96 % Occupancy Area, New Roof & Updated Copper Plumbing Throughout, Pride Of Ownership, Absolute Turn Key Financeable Asset. The Copper Canyon Apartments is situated on a 11,000 Sq. Ft. Lot. This twenty five unit apartment community is composed of 17 one bedroom / one bathroom units and 8 two
 bedroom / two bathroom units. The property has underwent recent improvements such as:A New Roof With 30 Year Warranty, Updated Copper Plumbing Throughout, All New Double Pane Vinyl Windows Throughout, Top of the Line Surveillance System, New Security Doors on All Units, New Exterior Paint, Building & Surrounding Fences, Pool was Re-plastered With All New Filtration System to Code, Heightened Security Gates, New Laundry Room With $3,000 Annual Income, New Playground Area & Landscaping. The unit improvements include: $13,000+ Renovation / Per unit, New Interior Paint, New Lamanite Flooring Throughout, New Kitchen Cabinets With Granite Countertops Throughout, Tiled Backsplashes, New Appliances, & New Bathroom Cabinets.