0.5 Acres Lot
0.5 Acres Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25157357
HOA Y/N No
Year Built 1959
Annual Tax Amount $12,587
Tax Year 2024
Lot Size 0.495 Acres
Property Sub-Type Apartment
Property Description
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
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 1.0
Carport Spaces 10
Garage Description 1.0
Pool None
Community Features Biking
Total Parking Spaces 11
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 0473037030000
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Submit
Listing Terms Cash, Cash to New Loan, 1031 Exchange, Submit
Special Listing Condition Standard
