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Listed by Tony Burton, DRE #01014173 • Burton Commercial, Inc.
$ 699,000
Est. payment | /mo
0.4 Acres Lot
$ 699,000
Est. payment | /mo
0.4 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSW26129662
Year Built 1950
Lot Size 0.403 Acres
Source California Regional MLS
Property Description
This offering consists of 5 units in Apple Valley. This neighborhood is high pride of ownership consisting of SFR's and multifamily. This complex is located in an ideal location. Not only is the neighborhood great but it's also located just a few hundred feet away form the Apple Valley Commons Shopping Center. This center consists of Walmart, Target, and Albertsons. Thus, tenants can easily walk to get whatever they need. Also, for tenants children, these units are located within walking distance to elementary, middle, and high schools. The local public bus service is located just down the block!! These units consist of: Two 2 bedrooms 1 baths, Two 1 bedrooms 1 baths, and, One studio. All units have their own gas & electric meters that the tenants sign up & pay for. All units have private yards/patios. Kitchens & appliances have been upgraded. Ceiling fans and tile floors throughout. All units are window AC/swamp cooler cooled, and wall heater heated. Roof is in great shape with a 30 year warranty, and only 10 years old!! Cash flow is excellent. At actual rents, it's putting out $5,885 monthly gross rent, and $70,620 annual gross rent. Equating to a rarely seen 9.90 Gross Rent Multiplier. Net Operating Income equates to $55,203 a
Location
State CA
County San Bernardino
Area Appv - Apple Valley
Interior
Laundry Other
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 0441191200000
Special Listing Condition Not Applicable
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