21601 Powhatan Road

    Apple Valley, CA 92308
    • $1,288,888
    • STATUS: Active
    • ON SITE: 151 days
    • ID#: 19448252
    UPDATED: 86 min ago
    $1,288,888
    • 0
      BEDS
    • 0.99
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,340
      SQFT
    • $138
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1987
    County:

    School Ratings & Info

    Description

    Rare investor opportunity to acquire a fully occupied 11 unit in great condition! This property is single story, situated in 4 buildings and all units are 2 bedrooms and 1 bath. The majority of units have been redone with new HVAC units, paint and flooring. A new roof was put on last year! Community laundry facilities. Plenty of parking. Building is gated with remote entry but it is currently open for marketing purposes. Building is centrally located next to the 18 fwy / 15 fwy off Bear Valley and Apple Valley Rd. The rental price points are very desirable for the area and units lease up very quickly.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-25T00:31:47.47. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
    www.northsdrealty.com/homes/93075132

    21601 Powhatan Road Apple Valley, CA 92308

    • Price: $1,288,888
    • Status: Active
    • Updated: 86 min ago
    • ID#: 19448252
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.99
    Acres
    9,340
    SQFT
    $138
    $/SQFT
    1987
    Built
    Neighborhood:
    APPV - Apple Valley
    County:
    San Bernardino
    Area:
    APPV - Apple Valley
    Property Description
    Rare investor opportunity to acquire a fully occupied 11 unit in great condition! This property is single story, situated in 4 buildings and all units are 2 bedrooms and 1 bath. The majority of units have been redone with new HVAC units, paint and flooring. A new roof was put on last year! Community laundry facilities. Plenty of parking. Building is gated with remote entry but it is currently open for marketing purposes. Building is centrally located next to the 18 fwy / 15 fwy off Bear Valley and Apple Valley Rd. The rental price points are very desirable for the area and units lease up very quickly.
    Exterior Features

    Lot Size Source Estimated Lot Size Units Square Feet Parking Features Private Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Gross Multiplier 6.00 Gross Operating Income 103440.00 Improvements Amount 805800 Land Value 35700 Laundry YN Yes Net Operating Income 75552.00 Special Listing Conditions Standard Total Expenses 27888.00

    Listing provided courtesy of Damien Melle of Modern Real Estate Shop


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-25T00:31:47.47. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
     
    The Houston Team | Compass CA DRE#01991628
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    Carlsbad CA, 92009