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Listed by Gary Ruhlen • North Hills Realty
$1,695,000
Est. payment /mo
7,606 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,606 sqft
Price per Sqft $222
MLS Listing ID CRPW25157357
HOA Y/N No
Year Built 1959
Lot Size 0.495 Acres
Property Sub-Type Other
Source Datashare California Regional
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
Interior
Fireplace No
Laundry Other
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