Property Details
About this Property
We are pleased to exclusively offer for sale this excellent cash flowing opportunity in the growing city of Apple Valley. Our featured multi-family property boasts a current GRM of 10.14 and an attractive cap rate of 6.89%. This well-maintained asset includes six spacious 2-bed/1-bath units spread across three charming duplex structures. Each unit benefits from single-story construction on a substantial 43,000+ sq. ft. lot, offering tenants the convenience of private 1-car garages and in-unit washer/dryer hookups. The property is individually metered for electricity and gas, ensuring clear and manageable utility costs. Additionally, the design of the units with separate garages ensures privacy with no shared walls. With the potential to build additional structures or ADUs (buyer or buyer's agent to verify with city authorities), this stable asset presents limited maintenance requirements and promising long-term returns. The city of Apple Valley, with a median household income of around $60,000, offers a balanced cost of living, making it an attractive option for residents. The city's historical vacancy rate for apartments has remained relatively low, reflecting strong demand for rental properties. Tenants are drawn to Apple Valley for its scenic desert landscapes, excellent s
MLS Listing Information
MLS #
CRCV24175165
MLS Source
California Regional MLS
Parking, School, and Other Information
Garage/Parking
Garage: 6 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 6 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
21430 Nisqually Rd is a Residential Income in Apple Valley, CA 92308. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1965. This address can also be written as 21430 Nisqually Rd, Apple Valley, CA 92308.
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This listing information is up-to-date as of October 23, 2024. For the most current information, please contact Kristopher German, (626) 427-0786
