19170 US Highway 18 Active

Apple Valley,CA 92307

$ 1695000

- Bed

0 Bath

7606 SqFt


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

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