15563-15575 5th St - Apartments FOR SALE


Victorville, CA 92395
$825,000 USD
951-375-7433
15563-15575 5th St, Victorville, CA for Sale
$825,000 USD
Apartments - FOR SALE
1/20
null | 8.95% Cap Rate

15563-15575 5th St
Victorville, CA 92395


HIGHLIGHTS

  • A 8.95% CAP RATE, AND A 17.86% CASH ON CASH, AT ACTUAL RENTS
  • A 11.20% CAP RATE, AND A 29.14% CASH ON CASH, AT MARKET RENTS
  • NICE MIX OF SIX UNITS, WITH, FOUR 2 BEDS 1 BATHS, AND TWO 1 BEDS 1 BATHS
  • GREAT LOCATION, JUST OFF THE 15 FREEWAY & D ST, JUST WEST OF DESERT KNOLLS!
  • WALKING DISTANCE TO GROCERY/DRUG/ BUS STOP
  • EASY ACCESS TO 6 LAND FREEWAY, AND JUST 25 MINUTES TO SAN BERNARDINO

OVERVIEW

The robust returns of this 6 unit apartment in Victorville are an eye opener. Due to the Seller's plans to trade to an already existing up-leg, this offering is purposefully priced at a fire quick/sale price!!! The location is fantastic. It's located just off the 15 Freeway and D St, just minutes west of the "Beverly Hills" of the Upper Desert, Desert Knolls. It's an easy tenant commute to local employment, and just 25 minutes down a six lane freeway to San Bernardino. Further, our complex is walking distance to bus stop, grocery, and drug stores. This apartment consists of: Four 2 bedrooms, 1 baths. Two 1 bedrooms, 1 baths. All units are separately metered with gas and electric that tenants sign up and pay for. Most units have their own private fenced yard. There's a laundry room in the complex. WHAT'S STUNNING ABOUT THESE UNITS IS THE PERFORMANCE!!! PERFORMANCE AT ACTUAL RENTS We're putting out $95,400 annual gross income. A 8.65 Gross Rent Multiplier. A 8.95% Cap Rate. And a robust 17.86% Cash on Cash. Your 20% bank down payment gives you $29,475 NET NET NET in your pocket annually!!! PERFORMANCE AT MARKET RENTS We're putting out $114,000 annual gross income. A 7.24 Gross Rent Multiplier. A 11.20% DOUBLE DIGIT Cap Rate. And a UNHEARD OF 29.14% Cash on Cash. Your 20% bank down payment gives you $48,075 NET NET NET in your pocket annually!!! Please see RENT COMPS attached in MARKETING PACKAGE to confirm market rents. To view rent roll, and verification of income, returns, and expenses, PLEASE SEE MARKETING PACKAGE attached. This will be a truly great life changing beneficial decision for whomever decides to jump on this opportunity. For any questions, please don't hesitate to contact me. I'm here to help! Thank you

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$206 USD /SF

# OF UNITS

6

PRICE/UNIT

$137,500

CAP RATE

8.95%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

29.14% CASH ON CASH AT MARKET RENTS!!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

-

APN/PARCEL ID

0478-223-11

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.