21430 Nisqually Road, Apple Valley, California 92308
- $1,125,000
- $1,125,000
Overview
- Apartment, Residential Income
- 6.0
- 4896 Sqft
- 1965
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.
Address
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Address: 21430 Nisqually Road
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City: Apple Valley
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State/county: CA
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Zip/Postal Code: 92308
Details
Updated on October 23, 2024 at 9:31 pm-
Property ID CV24175165
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Price $1,125,000
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Property Size 4896 Sqft
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Land Area 0.9963 Acres
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Garages 6.0
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Year Built 1965
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Cash, Cash to New Loan
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Sewer Public Sewer
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County San Bernardino
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Property Type Residential Income
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Pool None
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Community Features Curbs, Gutter(s), Sidewalks
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