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Presenting a unique chance to acquire a multifamily property at 21905 Powhatan Rd, Apple Valley, CA, featuring 13 existing units with significant expansion potential. This strategically located property boasts additional land zoned under the recently approved Village Specific Plan, allowing for the development of up to 92 units, while retaining its grandfathered multifamily zoning status.Key Features:- Current Units: 13 well-maintained multifamily units, providing immediate rental income.- Development Potential: Additional land available for the construction of up to 92 units, offering a lucrative opportunity for expansion.- Zoning Advantages: Recently transitioned to the Village Specific Plan, yet the property benefits from grandfathered multifamily zoning, ensuring a seamless development process.- Infrastructure Ready: City water and sewer lines are already plumbed to the property, simplifying the construction of new units and reducing upfront development costs.- Prime Location: Situated in the growing community of Apple Valley, this property is conveniently located next to a park and community center, near shopping, schools, and recreational facilities, making it attractive to prospective tenants.This property represents an exceptional investment opportunity in a thriving market. Whether you're looking to expand your real estate portfolio or embark on a new development project, 21905 Powhatan Rd offers the perfect blend of immediate income and long-term growth potential.
Property Type(s):
Residential Income
| Last Updated | 10/8/2024 | Year Built | 1972 |
|---|---|---|---|
| Community | Apple Valley | County | San Bernardino |
Additional Details
| AREA | Apple Valley |
|---|---|
| LOT | 4.76 acre(s) |
| LOT DESCRIPTION | 16-20 Units/Acre, Level, Lot Over 40000 Sqft, Rectangular Lot, Street Level, Value In Land |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| UTILITIES | Sewer Connected,Water Connected |
| WATER | Public |
Location
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Listed with KW COMMERCIAL
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