19170 US Highway 18 Active Save Request In-Person Tour Request Virtual Tour
Apple Valley,CA 92307
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 7,606 sqft
Price per Sqft $222
MLS Listing ID PW-25157357
Year Built 1959
Lot Size 0.495 Acres
Property Sub-Type Apartment
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
Area Appv - Apple Valley
Interior
Laundry Common Area
Exterior
Parking Features Gated
Garage Spaces 1.0
Pool None
Community Features Biking
Building
Lot Description 11-15 Units/Acre
Sewer Public Sewer