$1,125,000
21430 Nisqually Road Apple Valley, CA 92308
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$1,125,000
Est. payment /mo
8 BD
4 BA
1 Acres Lot
Pending
21430 Nisqually Road Apple Valley, CA 92308
UPDATED:
10/22/2024 12:31 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CV24175165
Bedrooms 8
HOA Y/N No
Lot Size 0.996 Acres
Property Description
We are pleased to exclusively offer for sale this excellent cash flowing opportunity in the growing city of Apple Valley. Our featured multi-family property boasts a current GRM of 10.14 and an attractive cap rate of 6.89%. This well-maintained asset includes six spacious 2-bed/1-bath units spread across three charming duplex structures. Each unit benefits from single-story construction on a substantial 43,000+ sq. ft. lot, offering tenants the convenience of private 1-car garages and in-unit washer/dryer hookups. The property is individually metered for electricity and gas, ensuring clear and manageable utility costs. Additionally, the design of the units with separate garages ensures privacy with no shared walls. With the potential to build additional structures or ADUs (buyer or buyer's agent to verify with city authorities), this stable asset presents limited maintenance requirements and promising long-term returns. The city of Apple Valley, with a median household income of around $60,000, offers a balanced cost of living, making it an attractive option for residents. The city's historical vacancy rate for apartments has remained relatively low, reflecting strong demand for rental properties. Tenants are drawn to Apple Valley for its scenic desert landscapes, excellent schools, and a family-friendly atmosphere that provides a high quality of life.
We are pleased to exclusively offer for sale this excellent cash flowing opportunity in the growing city of Apple Valley. Our featured multi-family property boasts a current GRM of 10.14 and an attractive cap rate of 6.89%. This well-maintained asset includes six spacious 2-bed/1-bath units spread across three charming duplex structures. Each unit benefits from single-story construction on a substantial 43,000+ sq. ft. lot, offering tenants the convenience of private 1-car garages and in-unit washer/dryer hookups. The property is individually metered for electricity and gas, ensuring clear and manageable utility costs. Additionally, the design of the units with separate garages ensures privacy with no shared walls. With the potential to build additional structures or ADUs (buyer or buyer's agent to verify with city authorities), this stable asset presents limited maintenance requirements and promising long-term returns. The city of Apple Valley, with a median household income of around $60,000, offers a balanced cost of living, making it an attractive option for residents. The city's historical vacancy rate for apartments has remained relatively low, reflecting strong demand for rental properties. Tenants are drawn to Apple Valley for its scenic desert landscapes, excellent schools, and a family-friendly atmosphere that provides a high quality of life.
We are pleased to exclusively offer for sale this excellent cash flowing opportunity in the growing city of Apple Valley. Our featured multi-family property boasts a current GRM of 10.14 and an attractive cap rate of 6.89%. This well-maintained asset includes six spacious 2-bed/1-bath units spread across three charming duplex structures. Each unit benefits from single-story construction on a substantial 43,000+ sq. ft. lot, offering tenants the convenience of private 1-car garages and in-unit washer/dryer hookups. The property is individually metered for electricity and gas, ensuring clear and manageable utility costs. Additionally, the design of the units with separate garages ensures privacy with no shared walls. With the potential to build additional structures or ADUs (buyer or buyer's agent to verify with city authorities), this stable asset presents limited maintenance requirements and promising long-term returns. The city of Apple Valley, with a median household income of around $60,000, offers a balanced cost of living, making it an attractive option for residents. The city's historical vacancy rate for apartments has remained relatively low, reflecting strong demand for rental properties. Tenants are drawn to Apple Valley for its scenic desert landscapes, excellent schools, and a family-friendly atmosphere that provides a high quality of life.
Location
State CA
County San Bernardino
Area Apple Valley (92308)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 1
Level or Stories 1 Story
Others
Monthly Total Fees $160
Acceptable Financing Cash
Space Rent $1,710
Listing Terms Cash
Listed by Kristopher German • RE/MAX 2000 REALTY
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