Description
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)
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Listing provided courtesy of Gary Ruhlen of North Hills Realty. Last updated 2025-07-18 08:11:24.000000. Listing information © 2025 CRMLS.
Pablo Martinez
DRE# 01353280
P.O. Box 22291
San Diego, CA 92192
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619.480.0890
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