22544 Sioux Road

    Apple Valley, CA 92308
    • $3,595,000
    • STATUS: Active Under Contract
    • ON SITE: 122 days
    • ID#: NP19272188
    Under Contract
    UPDATED: 37 min ago
    $3,595,000
    • 0
      BEDS
    • 4.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 38,280
      SQFT
    • $94
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1986
    County:

    School Ratings & Info

    Description

    Newer construction, 38 unit community built in 1986 on roughly 4 acres. The Apple Valley Town Homes offers tenants attractive oversized floorplans to choose from consisting of sixteen (3 Bedroom + 1.5 Bathroom Townhomes), nineteen (2 Bedroom + 1.5 Bathroom Townhomes) and three (1 Bedroom 1 Bath flats). Additional tenant amenities include central A/C and heat, large patios, on-site laundry service, individual water heaters, a central common area with playground and basketball court, and assigned garages and car spaces. Well located just 1.5 miles from Apple Valley High School and 5.2 miles from Victor Valley College. This investment property offers an investor the opportunity to acquire an asset with current cash flow and a substantial upside potential as current rents are under market. Priced well below replacement costs at a price per unit of $94,605 and a price per square foot of $93.91, this represents one of the best value opportunities in the high desert.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-28T21:27:59.197. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

    www.sellinglasouthbay.com/homes/101315750

    22544 Sioux Road Apple Valley, CA 92308

    • Price: $3,595,000
    • Status: Active Under Contract
    • Updated: 37 min ago
    • ID#: NP19272188
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.03
    Acres
    38,280
    SQFT
    $94
    $/SQFT
    1986
    Built
    Neighborhood:
    APPV - Apple Valley
    County:
    San Bernardino
    Area:
    APPV - Apple Valley
    Property Description
    Newer construction, 38 unit community built in 1986 on roughly 4 acres. The Apple Valley Town Homes offers tenants attractive oversized floorplans to choose from consisting of sixteen (3 Bedroom + 1.5 Bathroom Townhomes), nineteen (2 Bedroom + 1.5 Bathroom Townhomes) and three (1 Bedroom 1 Bath flats). Additional tenant amenities include central A/C and heat, large patios, on-site laundry service, individual water heaters, a central common area with playground and basketball court, and assigned garages and car spaces. Well located just 1.5 miles from Apple Valley High School and 5.2 miles from Victor Valley College. This investment property offers an investor the opportunity to acquire an asset with current cash flow and a substantial upside potential as current rents are under market. Priced well below replacement costs at a price per unit of $94,605 and a price per square foot of $93.91, this represents one of the best value opportunities in the high desert.
    Exterior Features

    Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Acres

    Interior Features

    Condo Area Units Square Feet Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Laundry Features Community

    Property Features

    Accounting Type Actual Additional Parcels YN No Asset Class Multi-Family Building Area Units Square Feet Building Status Existing Cap Rate 6.00 Country Us Electric Expense 1015.00 Gross Scheduled Income 356460.00 Insurance Expense 11400.00 Land Use Multi-Family Laundry Income 2400.00 Laundry YN Yes Leasable Area Units Square Feet Maintenance Expense 17640.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 215560.00 Number Of Units Leased 38 Operating Expense 130242.00 Other Expense 400.00 Other Income1 1200.00 Professional Management Expense 13688.00 Property Sub Type Multi Family Real Estate Tax Expense 41343.00 Resident Manager Expense 15960.00 Special Listing Conditions Standard Trash Expense 9232.00 Vacancy Allowance 14258 Vacancy Allowance Rate 4.00 Water Sewer Expense 19564.00 Water Source Public

    Listing provided courtesy of Ignacio Diaz Jr. of Investment Capital Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-28T21:27:59.197. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

     
    Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor
    28901 S. Western Avenue #139
    Rancho Palos Verdes CA, 90731
    fbq('track', 'Search', { content_type: 'home_listing', // REQUIRED: DO NOT change this, must be set to 'home_listing' content_ids: ['1234', '2345', '3456', '4567'], // Top search results city: 'New York City', //Required for Search event region: 'New York', // region is the state for the US. Required for Search event country: 'US', //Required for Search event } );