14965 Culley St - Apartments FOR SALE


Victorville, CA 92395
$875,000 USD
951-375-7433
14965 Culley St, Victorville, CA for Sale
$875,000 USD
Apartments - FOR SALE
1/14
null | 12.34% Cap Rate

14965 Culley St
Victorville, CA 92395


HIGHLIGHTS

  • AT MARKET RENTS, WE'RE PUTTING OUT $122,220 ANNUAL GROSS INCOME, A 12.34% CAP RATE, AND A 34.83% CASH ON CASH!!!
  • BEAUTIFUL TOWNHOUSE STYLE APARTMENTS!!! ALL UNITS ARE 2 BEDROOM, 1.5 BATHS
  • ALL UNITS HAVE FIREPLACES AND THEIR OWN SINGLE CAR GARAGE!!!
  • THE ONLY OTHER 5 UNIT AVAILABLE IN THE UPPER DESERT IS LISTED FOR $274,999 MORE THAN US!!!

OVERVIEW

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!!!

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$194 USD /SF

# OF UNITS

5

PRICE/UNIT

$175,000

CAP RATE

12.34%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BEAUTIFUL TOWNHOUSE APARTMENTS, BEST RETURNS!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,127 SF

ZONING

R3, Victorville

APN/PARCEL ID

0477-393-12

ASK ABOUT THIS PROPERTY

Tony BurtonBurton Apartment RealtorsMore Info
951-375-7433

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Tony BurtonBurton Apartment RealtorsMore Info
951-375-7433

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.