CA > Apple Valley
Apple Valley, CA 92307,19170 US Highway 18
Apple Valley, CA 92307,19170 US Highway 18
Apple Valley, CA 92307,19170 US Highway 18
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,695,000
Est. payment /mo
0.5 Acres Lot
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UPDATED:

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

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

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

Read Less Info
CRMLS – RECore
Listed by Gary Ruhlen North Hills Realty

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