These are breathtakingly beautiful townhome apartments, located in an extremely nice area of Victorville.
Victorville is located along the 15 freeway just 25 minutes north of San Bernardino. The trip to San Bernardino and the nearby So Cal areas of Orange/Los Angeles counties can be reached within 25-60 minutes respectively along a consistent 10 lane freeway.
These units consist of four 2 bed, 1.5 baths. All units have their own single car garages. All units have beautiful large real fireplaces! All rooms are huge including large upgraded kitchens! Units have laundry facilities!!
THESE UNITS CAN REALLY PERFORM!!!
At actual rents, rents are low but month to month. We have a positive cash flow at actual rents. And tenants are open to discussing raising their rents after closing. This is because if asked to leave with Just Cause, they would have to pay market rents elsewhere and change homes!
At market rents, we fly off the charts!!! At market rents, we're putting out $122,220 annual gross income, a 7.16 Gross Rent Multiplier, a whopping 12.34% Cap Rate, and a robust 34.83% Cash on Cash Return!!!
Please find the MARKETING PACKAGE attached to view income, expenses, rent comps, and a nearby offering sale comp. Also in the MARKETING PACKAGE attached, you will find the ONLY other Upper Desert five units available, similar beds/baths, and they are asking $1,149,999. We are asking $875,000!!!