654 Lucille Ave Avenue is a $4,100,000, 30,208 square foot, 80 bedroom, 48.0 bath home on a 1.28 acre lot located in Coalinga, CA.
Investment HighlightsRents well below market. First phase of RUBS ($23,940) implemented with no push back, remaining ($24,840) to be implemented over the coming 12 months.Owner has increased rents by 9% every year with no push back. Rents still below market.Fully stabilized project, lots of interior improvements, and brand new boiler, all new or refurbished HVAC units, new roof, new gutter, brand new exterior paint. Some of the largest units in Coalinga. NOI based on actual income and expenses.Tenants love Coalinga, feel it is safe, and very community oriented, with plenty of jobs.
|Above Grade Sqft
Central Heat & Cool
Multifamily Special Features - On-Site Manager
More than One Space
Sprinkler - Auto
Sprinkler - Back
Sprinkler - Front
|Property Sub Type
16 Units & More
Based on information from the Fresno Association of Realtors® Multiple Listing Service, last updated 03/04/2024 at 01:25am MST. 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. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS or this website. The Broker's Offer of Compensation is made only to Participants of the MLS where the listing is filed.