20365 Broken Bow Rd - Apartments FOR SALE


Apple Valley, CA 92307
$699,000 USD
951-375-7433
20365 Broken Bow Rd, Apple Valley, CA for Sale
$699,000 USD
Apartments - FOR SALE
1/13
null | 7.52% Cap Rate

20365 Broken Bow Rd
Apple Valley, CA 92307


HIGHLIGHTS

  • BEST MULIFAMILY RETURNS IN UPPER DESERT!!!
  • PUTTING OUT $70,620 AGI, 9.90 GRM, & 7.52% CAP RATE!!
  • NEWER ROOF, UPGRADED KITCHENS!
  • GREAT LOCATION JUST HALF BLOCK FROM APPLE VALLEY COMMONS INCLUDING WALMART, TARGET, & ALBERSONS!!

OVERVIEW

This offering consists of 5 units in Apple Valley. This neighborhood is high pride of ownership consisting of SFR's and multifamily. This complex is located in an ideal location. Not only is the neighborhood great but it's also located just a few hundred feet away form the Apple Valley Commons Shopping Center. This center consists of Walmart, Target, and Albertsons. Thus, tenants can easily walk to get whatever they need. Also, for tenants children, these units are located within walking distance to elementary, middle, and high schools. The local public bus service is located just down the block!! These units consist of: Two 2 bedrooms 1 baths, Two 1 bedrooms 1 baths, and, One studio. All units have their own gas & electric meters that the tenants sign up & pay for. All units have private yards/patios. Kitchens & appliances have been upgraded. Ceiling fans and tile floors throughout. All units are window AC/swamp cooler cooled, and wall heater heated. Roof is in great shape with a 30 year warranty, and only 10 years old!! Cash flow is excellent. At actual rents, it's putting out $5,885 monthly gross rent, and $70,620 annual gross rent. Equating to a rarely seen 9.90 Gross Rent Multiplier. Net Operating Income equates to $55,203 annually which gives us an outstanding 7.90% Cap Rate at actuals rents!! Rents are below market but are month to month. While this offering performs better on actual rents than any other multifamily in the Upper Desert, the returns go off the charts at market rents. At market rents, based on nearby rent comps, this complex can put out $7,800 monthly and $93,600 annually!! TO VIEW THIS INFORMATION, INCLUDING RENT COMPS PLUS ACUTAL & MARKET RENT ROLL, PLEASE SEE MARKETING PACKAGE ATTACHED WITHIN THIS LISTING! THIS IS THE BEST PERFORMING MULTIFAMILY IN THE UPPER DESERT!!!

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$222 USD /SF

# OF UNITS

5

PRICE/UNIT

$139,800

CAP RATE

7.52%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,537 SF

ZONING

N/Av

APN/PARCEL ID

0441-191-20

ASK ABOUT THIS PROPERTY

Tony BurtonBurton Apartment RealtorsMore Info
951-375-7433

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

Tony BurtonBurton Apartment RealtorsMore Info
951-375-7433

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