$870,000
$900,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
4,088 SqFt
SOLD DATE : 08/02/2024
Key Details
Sold Price $870,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,088 sqft
Price per Sqft $212
MLS Listing ID HD24102854
Sold Date 08/02/24
HOA Y/N No
Year Built 1988
Lot Size 0.518 Acres
Acres 0.5184
Property Description
Rare opportunity to own quadruplex (4 Units with Garages) in highly sought after Desert Knolls neighborhood in Apple Valley, Ca. Immediate upside if you can manage yourself currently with professional management company costing ±$5,400 in annual expenses. The Operating Expenses and NOI include new property taxes at ±$900,000 and current insurance coverage. Neighborhood includes nearby St. Mary's Hospital, high end homes, offices, restaurants, banks, shopping, and much more. Within minutes of the I-15 Freeway. Units feature 2 Beds 1 Baths with living area and kitchen. Two units have been completely remodeled last year with the higher rents and the other two units are long term tenants. Great pro-forma potential in a growing market with highly anticipated High Speed Train to Las Vegas plus millions of sq ft of industrial buildings proposed in the North Apple Valley Industrial Specific Plan.
Location
State CA
County San Bernardino
Area Appv - Apple Valley
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Fireplace No
Laundry Inside
Exterior
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Biking, Curbs, Park, Street Lights, Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description Landscaped, Level, Paved, Rectangular Lot, Yard
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 0473281030000
Acceptable Financing Cash, Conventional, FHA, Submit, VA Loan
Listing Terms Cash, Conventional, FHA, Submit, VA Loan
Financing Cash
Special Listing Condition Standard
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