Go to Top

Serenade Apartments – 79 Units

Overview

FOR SALE: 79 Unit Townhouse Style Apartment Community
San Bernardino, Ca.

Exclusively listed by NOHCO Real Estate is this opportunity to acquire the Serenade Apartment Community in the city of San Bernardino, Ca. In total, there are 79 Units, each townhouse style w/ garage and large layout.

Comprised of (21) 2bd and (58) 3 bd, all units are 2 story and over 1,300sf. The Serenade Community offers full amenities, including gated entrance, community pool, showers, fitness center, and ample guest parking.

Currently, the community has both Section 8 and Non-Section 8 tenants. With NO Rent Control, there is significant upside in the rents.

There is an Assumable Fannie Mae 1st TD, or a buyer can obtain a new financing.

In the City of San Bernardino off the 210 & 215 Fwy, the Serenade Apartments are walking distance to the Community Hospital, and other retailers.

To view the Offering Memorandum, please LOGIN or REGISTER

 

[google_maps id=”246″]

Summary

Offering Price:
$10,250,000

Total Units:
79

Gross Rent Multiplier:
10.36

Cap Rate:
5.53%

Building SF:
103,449 sf

Lot Size:
6.20 Acres

Year Built:
1987