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**LOCATION**TOWNHOME STYLE**VALUE ADD** INVESTMENT OVERVIEWLocation: Apple Valley, CA Units: 19 total, with 6 units delivered vacant Unit Configuration: All units are 2 bedrooms and 1.5 bathrooms Townhome styleParking: Each unit comes with a 2-car garage Property Features:Condition: Well-maintained property Recent Upgrades: New roof * Updated fence and AC units HVACLayout: Open floor plan in all units - TOWNHOME STYLEAmenities: No pool or additional amenities, leading to lower maintenance costs Investment Potential:Upside for New Buyer: Significant potential to increase rents or make improvements to boost valueVacancy: 6 vacant units provide an immediate opportunity for new tenants at market ratesMarket Appeal: Located near a hospital, retail, and shopping centers, making it attractive to potential renters Market and Financial Stability:Rental Market: Stable with consistent demand Maintenance: Low due to recent updates and absence of high-maintenance amenities Advantages:Location: Proximity to essential services and amenities increases tenant appeal.Immediate Upside: Vacant units offer potential for immediate rent adjustments.Updated Features: New roof and modernized interiors reduce the need for immediate capital expenditure. Low Maintenance: Absence of a pool or other high-maintenance amenities minimizes ongoing costs.Conclusion:This 19-unit apartment complex in Apple Valley, CA, represents a strong investment opportunity with immediate upside potential. Thecombination of vacant units ready for market rate tenants, updated property features, and a prime location near essential services creates acompelling case for investors seeking stable rental income with growth prospects.
Last Updated | 8/16/2024 | Year Built | 1989 |
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Community | Apple Valley | Garage Spaces | 38.0 |
County | San Bernardino |
Additional Details
AIR | Central Air |
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AIR CONDITIONING | Yes |
APPLIANCES | Convection Oven, Dishwasher, Gas Cooktop, Water Heater |
AREA | Apple Valley |
CONSTRUCTION | Concrete, Stucco |
GARAGE | Assigned, Door-Multi, Garage, On Street, Yes |
HEAT | Central, Natural Gas |
HOA DUES | 0 |
INTERIOR | All Bedrooms Up, Jack and Jill Bath |
LOT | 0.69 acre(s) |
LOT DESCRIPTION | 16-20 Units/Acre, Walkstreet, Yard |
PARKING | Assigned,Door-Multi,Garage,On Street |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 2 |
STYLE | Modern |
UTILITIES | Cable Available,Electricity Available,Natural Gas Available,Sewer Available, Electric: Standard |
VIEW | Yes |
VIEW DESCRIPTION | Hills,Neighborhood |
WATER | Public |
Location
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