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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)
Property Type(s):
Residential Income
| Last Updated | 7/14/2025 | Year Built | 1959 |
|---|---|---|---|
| Community | APPV - Apple Valley | Garage Spaces | 1.0 |
| County | San Bernardino |
Additional Details
| AREA | APPV - Apple Valley |
|---|---|
| GARAGE | Yes |
| LOT | 0.4951 acre(s) |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| TAXES | 12587 |
| WATER | Public |
Location
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Listed with North Hills Realty
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