19170 US Highway 18
apple valley, CA 92307$1,695,000
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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)
Details
7,606 Sq Ft
0.4951 Private Acres Exterior Space
Apartment
$12,587 Annual Tax
Built in 1959
MLS/Listing ID PW25157357
1 Stories
11 Units
Amenities & Features
Common Area
Community - Biking
Listing Courtesy of NORTH HILLS REALTY, GARY RUHLEN
Source of Data: CALIFORNIA REGIONAL MULTIPLE LISTING SERVICE