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Natalie Miranda
marketing@thewhipplegroup.com$ 899,999
Est. payment | /mo
0.46 Acres Lot
$ 899,999
Est. payment | /mo
0.46 Acres Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25229320
HOA Y/N No
Year Built 1987
Lot Size 0.460 Acres
Property Sub-Type Multi Family
Property Description
This attractive 6-unit apartment offers a lucrative investment opportunity. Each of the six units consists of 2 bedrooms and 1 bathroom, making them ideal for both individuals and small families. The added convenience of indoor laundry facilities within each unit eliminates the need for tenants to travel elsewhere for their laundry needs, enhancing the appeal of the apartments. One standout feature is the inclusion of a 1-car garage per apartment. This feature not only provides tenants with secure parking but also adds to the overall value of the property. In an area where parking can often be a challenge, this amenity sets these apartments apart from the competition. The potential for increased rental income is an exciting aspect of this investment. The current market rents stand at $10,200 (Projected Gross), offering room for upside potential. This potential for growth in rental income is particularly appealing, given the property's strategic location. Situated near a Logistics Airport and the newly established Amazon Distribution Center, Snapple, Boeing, plus many more increase the demand for housing in the area is likely to remain strong, contributing to a stable tenant pool. It's worth noting that the Section 8 Local Payment Standards dictate rents at $1769. This provides a level of stability in rental income, as these standards are typically reliable and consistent. This could be an advantage in terms of securing consistent rental income, even in fluctuating market conditions. Overall, this 6-unit apartment complex presents a compelling opportunity for an investor like you. The combination of well-designed units, convenient amenities, potential for increased rental income, and strategic location near key transportation hubs and employers make this property an attractive addition to your portfolio.
Location
State CA
County San Bernardino
Area Adl - Adelanto
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Laundry Inside
Exterior
Fence Chain Link
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Shingle
Total Parking Spaces 4
Building
Story 1
Water Public
Others
Tax ID 0459611080000
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Special Listing Condition Standard
Listed by Francisco Perpuly CHAMPIONS REAL ESTATE 951-888-0307
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Natalie Miranda
Marketing Director | License ID: 02122928