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$ 1,695,000
Est. payment | /mo
6 Beds
4 Baths
$ 1,695,000
Est. payment | /mo
6 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25157357
Bedrooms 6
Property Sub-Type Res Income 2-4 Units
Property Description
Great Investment Opportunity with Upside! 11 units in Apple Valley! 6.0% Current CAP Rate. 7.7% Market CAP Rate (8.4% Market CAP rate w/ added ADU. ADU opportunity for the back garage space. One (1) 3BR 1BA and ten (10) 1BR 1BA units. 10 carport spaces and 1 garage (being cleared for ADU). 10 of 11 units have been refurbished within the last 6 years. Most windows have been upgraded to new dual pane windows. All landscaping was redone in full "desertscape" 3 years ago. Units always have rented quickly. Quiet tenants. Quiet Bldg. On site laundry income (WASH machines leased)
Location
State CA
County San Bernardino
Zoning Assessor
Direction 1/4 mile east of US Hwy 18 & Tao St intersection
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 0473037030000
Listed by Gary Ruhlen North Hills Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "