19287 US Highway 18 Active Save Request In-Person Tour Request Virtual Tour
Apple Valley,CA 92307
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $194
MLS Listing ID IV-25120270
Year Built 1979
Lot Size 0.610 Acres
Property Sub-Type Apartment
Property Description
Highlights: Attractive in-place 6.29% CAP rate and 10.67 GRM, plus upside to a 7.25% ProForma CAP rate and 8.84 GRM / Attractive 6.00% interest rate with 60.20% LTV -- strong leverage with conservative risk. / All large 2-bed layouts in single-story construction -- ideal for tenant retention, rental demand, and low operating costs. / Large 0.61 acres lot. Onsite laundry and private garages for each unit -- added income, value, and tenant convenience. / Easy to manage - current owner is remote, offering efficiency potential for local management. Please do not disturb the tenants -- DRIVE BY ONLY. See the attached for more details. Le Investment Group is pleased to present this 8-unit multifamily opportunity on Highway 18 in Apple Valley. All units feature spacious 2-bed/1-bath layouts. The property offers a strong in-place CAP rate of 6.29%, with a ProForma CAP rate of 7.25%, showcasing both solid performance and upside potential. Priced below comps at just $175K per unit. Attractive financing available: 6.00% interest rate with 60.20% LTV.
Location
State CA
County San Bernardino
Area Appv - Apple Valley
Interior
Heating Central,Fireplace(s)
Cooling Central Air
Flooring Vinyl
Fireplaces Type Living Room
Laundry Community
Exterior
Parking Features Driveway - Combination,Garage Faces Front
Garage Spaces 8.0
Pool None
Community Features Biking,Hiking,Horse Trails
Utilities Available Sewer Connected,Water Connected,Electricity Connected,Natural Gas Connected
Building
Lot Description Desert Front,6-10 Units/Acre,Back Yard
Sewer Public Sewer