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)
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listed For Sale | $1,695,000 | $223 | North Hills Realty |
Elementary School Desert Knolls Elementary | 1.3 miles away | KG - 05 | |
Middle & High School Desert Mountain Community Day | 1.7 miles away | 04 - 12 | |
Elementary School Mojave Mesa Elementary | 1.9 miles away | KG - 05 |